📺 Stream EntrepreneurTV for Free 📺

Elon Musk Says We Should Stop Rapid AI Development Right Now — Here's Why The billionaire co-founded OpenAI, the firm behind ChatGPT.

By Amanda Breen

entrepreneur daily
Bloomberg | Getty Images

AI chatbots have become more accessible in recent months — bringing with them a range of ethical concerns.

Even Elon Musk, co-founder of ChatGPT-creator OpenAI, has some reservations. An open letter signed by him and a group of artificial intelligence experts and industry executives is urging a six-month pause in developing systems more advanced than GPT-4, warning against potential threats to society and humanity, Reuters reported.

Related: How to Start a Business With $100 Using ChatGPT, AI Tools

The letter, signed by more than 1,000 people, including Musk, was released by the nonprofit Future of Life Institute, which is predominantly funded by the Musk Foundation, the London-based group Founders Pledge and the Silicon Valley Community Foundation, per the European Union's transparency register.

"AI systems with human-competitive intelligence can pose profound risks to society and humanity, as shown by extensive research and acknowledged by top AI labs," the letter begins.

The letter goes on to say that further development should only occur when "we are confident" that the impact will be positive and the risks manageable, noting potential economic and political consequences.

According to a 2021 Stanford University report, AI systems are being used to spread disinformation on the internet, which gives them "the potential to become a threat to democracy and a tool for fascism."

Related: We Asked Google's Bard Bot for Advice on Starting a Business

But some critics have slammed the letter's signatories for contributing to "AI hype" in an attempt to spike people's interest in the technology, per Reuters.

Amanda Breen

Entrepreneur Staff

Senior Features Writer

Amanda Breen is a senior features writer at Entrepreneur.com. She is a graduate of Barnard College and received an MFA in writing at Columbia University, where she was a news fellow for the School of the Arts.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

He Started a Luxury Side Hustle at Age 13 — Now the Business Earns More Than $10 Million a Year: 'People Want to Help You When You're Young'

Michael Morgan, now the owner of Iconic Watch Company, always had a passion for "old things" — and he turned it into a lucrative venture.

Thought Leaders

It's the End of the Entrepreneurial Era As We Know It

With the rise of advanced technologies and AI, are we losing all sense of the independent business person and entrepreneur?

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business Plans

From Camera-Shy to Camera-Ready — Here's What to Consider Before You Go on Camera

Are you ready to be on camera? Here are a few things to consider.