Cathie Wood, the founder of ARK Invest, has dismissed warnings that artificial intelligence could lead to human extinction as 'ridiculous'. Speaking at a briefing in Sydney, Wood praised the AI industry for openly discussing its risks, saying it was 'happy that the leaders of the industry are advertising the risks associated with this new technology'.
Wood's comments come after researchers warned that the rapid development of AI could lead to a catastrophic outcome for humanity. However, Wood believes that acknowledging these risks is a positive step, saying 'half of the solution is understanding the problem'. She also sees an opportunity to focus on cybersecurity in the AI space, although she did not elaborate on what specific measures she thinks are needed.
ARK Invest has significant holdings in several AI companies, including Tesla, SpaceX, and OpenAI, making Wood's judgement on the industry's pledge to slow down the development of AI capabilities a significant one. While she did not say whether the pledge had changed her valuation of these companies, she welcomed the move as a positive step for the development of AI.
Global AI stocks fell on Monday, and Asian markets struggled on Tuesday, although it is unclear whether the pledge was a direct cause of this. Wood's comments were reported by Reuters, which also noted that the AI industry has been facing increasing scrutiny from investors and regulators in recent months.
Wood's approach to the risks associated with AI is rooted in her experience of the technology and telecoms bubble of the late 1990s. She believes that naming a danger is a key part of handling it, and that markets are better able to handle bad news when it is out in the open. While she did not provide further details on her thoughts on the cybersecurity risks associated with AI, her comments suggest that she sees this as a key area of focus for the industry.
Este artículo fue escrito con la asistencia de IA.
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