{"id":21824,"date":"2023-06-13T01:06:08","date_gmt":"2023-06-13T05:06:08","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/ray-dalio-says-ai-technology-both-fabulous-and-dangerous\/"},"modified":"2023-06-13T01:06:08","modified_gmt":"2023-06-13T05:06:08","slug":"ray-dalio-says-ai-technology-both-fabulous-and-dangerous","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=21824","title":{"rendered":"Ray Dalio says AI technology both \u2018fabulous\u2019 and \u2018dangerous\u2019"},"content":{"rendered":"
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\n \u201c<\/span>\u2018This is unbelievable, it\u2019s going to be fabulous\u2026well, it\u2019s going to be fabulous and dangerous.\u2019\u201d<\/span>\n <\/p>\n


\n \u2014 Ray Dalio, founder, Bridgewater Associates<\/span>
\n <\/small><\/p><\/div>\n<\/p><\/div>\n

Count Bridgewater Associates founder Ray Dalio among those who simultaneously see great promise and potential calamity in the rise of artificial intelligence.<\/p>\n

In an interview with CNBC, the hedge-fund titan and billionaire investor said the current iteration of generative AI \u201cis an unbelievable technology that will create enormous powers.\u201d But risk surround how people use that technology.<\/p>\n

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\u201cWe\u2019re on this environment where it can either produce a tremendous amount of productivity and raise our living standards and really make things a whole lot better. Or it could be used\u2026in various ways to hurt each other,\u201d Dalio said.<\/p>\n

The problem is that the technology won\u2019t be regulated or controlled, which will contribute to a more disorderly environment, he said. <\/p>\n

The launch of OpenAI\u2019s ChatGPT tool late last year heightened public awareness of AI\u2019s power. Something of an AI investment frenzy has gripped the stock market this year, with AI-related plays driving big gains for a handful of tech and chip companies in 2023.<\/p>\n

Meanwhile, warnings over the technology have also proliferated. And they argue that the stakes are rather high.<\/p>\n

\u201cMitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,\u201d the Center for AI Safety warned last month. Signatories to the statement included Geoffrey Hinton, a University of Toronto emeritus professor who has warned against misuse of AI, along with OpenAI Chief Executive Sam Altman and Google DeepMind Chief Executive Demis Hassabis.<\/p>\n

Tesla Inc.
\n TSLA,
\n +2.22%<\/bg-quote>
\n Chief Executive Elon Musk and Apple Inc.\u00a0
\n AAPL,
\n +1.56%<\/bg-quote>
\n co-founder Steve Wozniak\u00a0signed a petition\u00a0from the Future of Life Institute earlier this year calling for a six-month pause in the development of AI.<\/p>\n

At a Senate hearing earlier in May, ChatGPT\u2019s Altman\u00a0acknowledged the sheer power of AI to drive adverse outcomes\u00a0but said he also saw ways for governments and technologists to work together so that AI becomes a \u201cprinting-press moment.\u201d<\/p>\n

\u2014Emily Bary contributed to this article.<\/em><\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201c\u2018This is unbelievable, it\u2019s going to be fabulous\u2026well, it\u2019s going to be fabulous and dangerous.\u2019\u201d \u2014 Ray Dalio, founder, Bridgewater Associates Count Bridgewater Associates founder Ray Dalio among those who simultaneously see great promise and potential calamity in the rise of artificial intelligence. In an interview with CNBC, the hedge-fund titan and billionaire investor said […]<\/p>\n","protected":false},"author":1,"featured_media":1287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-21824","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nRay Dalio says AI technology both \u2018fabulous\u2019 and \u2018dangerous\u2019 | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u201c\u2018This is unbelievable, it\u2019s going to be fabulous\u2026well, it\u2019s going to be fabulous and dangerous.\u2019\u201d \u2014 Ray Dalio, founder, Bridgewater Associates Count\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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