Artificial intelligence research gets a boost

A group of prominent Silicon Valley investors and technology companies said on Friday that they would establish an artificial-intelligence research center to develop “digital intelligence” that will benefit humanity.

The investors — including Elon Musk, Peter Thiel and Reid Hoffman — said they planned to commit $1 billion to the project long term, but would initially spend only a small fraction of that amount in the first few years of the project. But, Mr. Musk said, “Everyone who is listed as a contributor has made a substantial commitment and this should be viewed as at least a billion-dollar project.”

Read more from the NYTimes here.