Tech chiefs back artificial intelligence startup with bn

Tesla Motors chief executive officer Elon Musk and other prominent tech executives are pouring US$1 billion into a non-profit aimed at creating artificial intelligence that augments humans’ capabilities, rather than making them obsolete. The effort, called OpenAI, joins significant investments from companies such as Google, Facebook and Amazon, which have used artificial intelligence to sharpen their businesses with services such as facial recognition or language processing. But the OpenAI founders suggested they have set their sights on bigger problems. “Our goal is to advance digital intelligence in the way that is most likely to benefit humanity as a whole, unconstrained by a need to generate financial return,” the company wrote in a blog post. Predicting that human-level artificial intelligence will eventually arrive, the backers argued that it was vital to…

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