Elon Musk announces Tesla’s AI day next month to reveal the electric car maker’s advancements with artificial intelligence and to recruit worldwide talent

• Tesla CEO Elon Musk has confirmed Tesla will holds its AI day on August 19
• Musk said the event will focus on recruiting the best talent to work for Tesla 
• It’s unclear what it will announce, but some experts believe Tesla will lay out a vision for the next decade at the event

Tesla CEO Elon Musk has confirmed the next event for the electric vehicle maker for next month when it holds its artificial intelligence day on August 19.

The enigmatic tech exec, who often shares news on social media, took to Twitter late Wednesday evening to announce the event.

Tesla CEO Elon Musk has confirmed Tesla will holds its AI day next month on August 19

Musk, who often shares news on social media, took to Twitter late Wednesday evening to announce the news

It’s unclear exactly what the company will show off or discuss, but Musk added that the event will focus on recruiting the best talent to work for the Palo Alto, California-based company.

‘Convincing the best AI talent to join Tesla is the sole goal,’ Musk said in a follow up tweet sent early Thursday morning.

It’s unclear exactly what the company will show off or discuss, but Musk added that the event will focus on recruiting the best talent to work for the Palo Alto, California-based company

Tesla does not have a traditional press office and a tweet to Musk was not immediately returned.  

In the wake of the news, industry insiders and media speculation has run rampant on what the company will announce.

Dan Ives, Managing Director at Wedbush Securities, told DailyMail.com it’s likely that Musk will lay out a vision for the next decade at the event. 

‘We believe this will be very focused on the broader autonomous and software vision that Musk is driving for the next decade,’ Ives said in an email. 

‘It’s all about deeper analysis of data, battery technology, and the self driving future for the AI vision. We expect this to be a showcase event to attract developer and engineers to Tesla which is important in this battle for AI and IT talent globally. The AI focus speaks to a software driven Tesla which remains one of the Crown Jewels of the company.’ 

Electrek, which covers the electric transportation and sustainable energy area, suggested the Musk-led company is likely to show off updates to build neural networks to help power its computer vision system. 

Some experts believe it’s likely that Musk will lay out a vision for the next decade for the company at the event

It may also show off products affiliated with its autonomous driving initiatives, including its Full Self-Drive system.

On the company’s most recent earnings call, Musk said that Full-Self Driving is the main thing when asked whether the company would offer more services.

‘Things are obviously headed toward fully autonomous electric vehicle future,’ Musk said. ‘And I think Tesla is well-positioned and in fact is the leader objectively in both of those arenas, electrification and autonomy.’

He continued: ‘It’s always tempting to try to find analogies, but with other companies, or whatever. But really, the value of fully electric autonomous fleet is generally gigantic, boggles the mind really. So that will be one of the most valuable things that’s ever done in the history of civilization.’

Musk added that ‘autonomy will become so safe that it will be unsafe to manually operate the car, relatively speaking.’

Although the 50-year-old Musk has clearly placed an emphasis on using AI at Tesla and his other companies, the world’s second-richest man has said a rogue AI is humanity’s ‘biggest existential threat.’

In August 2019, he said in a discussion with Alibaba chairman Jack Ma that humans would eventually be ‘far, far surpassed in every single way’ by computers. 

The following month, he tweeted warnings about ‘advanced AI’ that could be used to manipulate social media, adding that it could be the first sign of a robot take over. 

In February 2020, Musk said that all companies developing AI, including Tesla, should be regulated. 

WHY ARE PEOPLE SO WORRIED ABOUT AI?

It is an issue troubling some of the greatest minds in the world at the moment, from Bill Gates to Elon Musk.

SpaceX and Tesla CEO Elon Musk described AI as our ‘biggest existential threat’ and likened its development as ‘summoning the demon’.

He believes super intelligent machines could use humans as pets.

Professor Stephen Hawking said it is a ‘near certainty’ that a major technological disaster will threaten humanity in the next 1,000 to 10,000 years.

They could steal jobs 

More than 60 percent of people fear that robots will lead to there being fewer jobs in the next ten years, according to a 2016 YouGov survey.

And 27 percent predict that it will decrease the number of jobs ‘a lot’ with previous research suggesting admin and service sector workers will be the hardest hit.

As well as posing a threat to our jobs, other experts believe AI could ‘go rogue’ and become too complex for scientists to understand.

A quarter of the respondents predicted robots will become part of everyday life in just 11 to 20 years, with 18 percent predicting this will happen within the next decade. 

They could ‘go rogue’ 

Computer scientist Professor Michael Wooldridge said AI machines could become so intricate that engineers don’t fully understand how they work.

If experts don’t understand how AI algorithms function, they won’t be able to predict when they fail.

This means driverless cars or intelligent robots could make unpredictable ‘out of character’ decisions during critical moments, which could put people in danger.

For instance, the AI behind a driverless car could choose to swerve into pedestrians or crash into barriers instead of deciding to drive sensibly.

They could wipe out humanity 

Some people believe AI will wipe out humans completely.

‘Eventually, I think human extinction will probably occur, and technology will likely play a part in this,’ DeepMind’s Shane Legg said in a recent interview.

He singled out artificial intelligence, or AI, as the ‘number one risk for this century’.

Musk warned that AI poses more of a threat to humanity than North Korea.

‘If you’re not concerned about AI safety, you should be. Vastly more risk than North Korea,’ the 46-year-old wrote on Twitter.

‘Nobody likes being regulated, but everything (cars, planes, food, drugs, etc) that’s a danger to the public is regulated. AI should be too.’

Musk has consistently advocated for governments and private institutions to apply regulations on AI technology.

He has argued that controls are necessary in order protect machines from advancing out of human control

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