AI sees multibillion-dollar investment boom

  • October 26, 2023
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While tech startups weather a dip in funding, generative AI reaps rewards at companies from Meta to Microsoft

A handful of tech companies are jeopardising humanity’s future through unrestrained AI development and must stop their “race to the bottom”, according to the scientist behind an influential letter calling for a pause in building powerful systems.

Max Tegmark, a professor of physics and AI researcher at the Massachusetts Institute of Technology, said the world was “witnessing a race to the bottom that must be stopped”. Tegmark organised an open letter published in April, signed by thousands of tech industry figures including Elon Muck and Apple co-founder Steve Wozniak, that called for a six month hiatus in giant AI experiments.

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