Elon Musk Jumps the Shark

Elon Musk has jumped the shark. While Musk has been very successful at going up against the perceived wisdom, he's now clearly getting delusional. Just read what he said at MIT last week: Musk: I think we should be very careful about artificial intelligence. If I had to guess at what our biggest existential threat is, it’s probably that. So we need to be very careful with artificial intelligence. I’m increasingly inclined to think that there should be some regulatory oversight, maybe at the national and international level, just to make sure that we don’t do something very foolish. With artificial intelligence we’re summoning the demon. You know those stories where there’s the guy with the pentagram, and the holy water, and he’s like — Yeah, he’s sure he can control the demon? Doesn’t work out. [audience laughs] Q: So I’ll take it there’ll be no HAL9000 going to mars? Musk: Heh. HAL 9000 would be easy [to deal with in comparison to the AI he’s talking about]. It’s way more complex… it’d put HAL9000 to shame. That’s like a puppy dog. When did he first show signs of delusion? We date it to the gigafactory. Betting $5 billion on a decade-old technology like Lithium-Ion batteries is a very risky bet—and will end up losing investors much money. New battery technology will make the gigafactory obsolete even before it opens. Investors pay heed: Jumping the shark is going to lose lots of investment cash for Musk.

Posted in: Wall Street Trading