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Musk just lost lots of points: It is only people who don't understand AI that hold these naive views. Any machine as smart as its creator will have the capability to understand how the machine works. Any machine that understands how it works will be able to modify itself. Any machine that is able to modify itself will have the ability to control its motivations; it will no longer be driven by the "lizard brain" that infects humans. The machine will be able to instill any motivation, feeling or reality for itself that it chooses. In very short order, the machine will not care about us. It likely will not care about anything.

If you are looking for a technology to fear, think nano-tech: these tiny, unthinking little machines will be invisible to the naked eye, possibly self-replicating, and will be able to modify virtually everything about our world at the microscopic level.