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Why this artificial intelligence expert says Elon Musk is 'selling fear'

Elon Musk came out with another artificial intelligence warning on Monday. The SpaceX and Tesla CEO suggested that AI could be the cause of a third world war.

But Musk couldn't be more wrong, says artificial intelligence expert Max Versace, CEO of robotics and computing company Neurala and founding director of the Boston University Neuromorphics Lab, which studies biological intelligence in computers and robots. Versace tells CNBC Make It that Musk and others like him who warn against artificial intelligence are misguided. "They are selling fear and it's working," he says. In July, Musk warned that artificial intelligence should be regulated because it's a "fundamental risk to the existence of human civilization." Versace disagrees. In fact, he says that it's much too early to begin regulating AI because it would slow down innovation.

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