In a recent tweet, Musk cleared his stance on the technology once he was once heavily invested in cryptocurrency, but now he is turning his attention to AI. This move signals a major shift in Musk's interests and could have far-reaching implications for the tech industry.
This announcement has sparked a flurry of discussion amongst social media users, with some expressing their thoughts on Musk's post. Some of his followers even asked why crypto and AI cannot go hand in hand with him. Some also suggested that Musk is planning to buy the dip right before the end of crypto winter and thus creating a suitable sentiment.
According to Musk’s last takes, he finds AI to be more relevant to capitalistic needs than humans and expects Artificial Intelligence to take over the race by 2025. However, the limbic system in our brain which is responsible for human emotions could be our only advantage over emotionless AI tools.
Elon’s opinion on AI in the last few months was that AI will become more intelligent than any human presence as it would be able to store and process data much more efficiently and could become a threat to humanity. But now he is actively tweeting about the pros of AI and how it can change the world for good.
As per the common understanding, Elon Musk started OpenAI which developed an extremely popular language AI model named ChatGPT. Due to its easy and free access, ChatGPT instantly became a hit and OpenAI eventually sealed a massive $10 billion deal with Microsoft. Elon abandoned the project saying that he started OpenAI to be completely open-source and a not-for-profit organization.
Now as per recent reports, Elon Musk is planning to launch another AI project to compete with Microsoft and not miss the AI bandwagon. This tweet by Elon could be a reflection of his intentions for a new project which he had been planning to work on.
Interestingly, Elon Musk has also been associated with cryptocurrencies, particularly Dogecoin, which he had been vouching about for years. Dubbed as the "Dogefather," Musk has been a vocal proponent of Dogecoin and tweeted several times in the past to help spike the price of the digital token.
With new developments and advancements in technology, the world of finance and investment is ever-changing, and it remains to be seen how crypto will play a role in the years to come. Even the most powerful entities in the technology space including Elon Musk cannot change the long-term impacts of blockchain technology on traditional finance models.
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