Elon Musk-backed group gives $7M to explore artificial intelligence risks

It's not just the sci-fi community envisioning a world where machines take over. It's a concern among some prominent visionaries, including a group that just shelled out nearly $7 million for research into potential ill effects of artificial intelligence. The Future of Life Institute has awarded the money to 37 research teams that will be tasked with researching a range of topics related to the oncoming advancements of artificial intelligence, or AI, the organization announced on Wednesday. The funds come partly from the $10 million investment famed tech entrepreneur Elon Musk provided the group in January to determine the risks associated with AI. AI is a term used for the ability for a machine, computer, or system, to exhibit human-like intelligence.