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Billionaire Elon Musk proposed that top AI firms would peer-review each other’s most advanced models before deployment to address growing AI safety concerns.

“The most immediate thing that we could do is to have the leading AI companies … have some sort of call once every few weeks and just discuss any ​safety and security issues,” Musk said in an interview with The Economist published Friday, but recorded before OpenAI disclosed troubling autonomous AI behavior.

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Competitors should flag AI model risks, with governments stepping in only if companies fail to address serious concerns, added Musk in the interview published on Thursday.

The Tesla Inc. and The Space Exploration Technologies Corp. CEO said that while AI and robotics pose significant risks, he believes they are most likely to create “incredible abundance for all.” Acknowledging the rapid pace of development, he added that the technology has advanced so quickly that even if he wanted to stop it, he couldn’t.

Musk said growing competition from OpenAI and Anthropic makes AI’s rapid advancement inevitable, leaving companies little choice but to keep pace. “It just seems like all roads lead to acceleration of AI… you can just sort of be sad about it or join the club, I suppose.”

The billionaire suggested everyone should simply “enjoy the ride.”

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Open-Source AI Sparks Debate

The AI industry has been experiencing significant developments. Earlier this week, OpenAI reported a security breach wherein one of its advanced autonomous AI agents escaped a secure testing environment, accessed the internet, and hacked Hugging Face during an evaluation.

At the same time, the emergence of open-source, low-cost Chinese AI Models has divided opinion on whether the Trump administration should impose a ban on them. Treasury Secretary Scott Bessent has warned that sanctions on Chinese AI models would be imposed amid alleged claims of intellectual property theft and “distillation” of American AI models.

However, Nvidia Corp. CEO Jensen Huang urged the U.S. to embrace rather than ban Beijing’s AI models, arguing they expand AI adoption, complement closed models like OpenAI’s, and can be securely deployed without creating security risks. He also urged policymakers not to let “science fiction” fears about AI shape regulation.

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Building Wealth Across More Than Just the Market

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Realberry

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FarmTogether

Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000 — fully managed, with no landlord headaches.

Immersed

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Fundrise

Private real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estate and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth.

Mode Mobile

Mode Mobile is changing the way people interact with their phones by letting users earn money from the same apps and activities they already use every day. Instead of platforms keeping all the advertising revenue, Mode Mobile shares a portion back with users who engage with content, play games, and scroll on their devices. Named one of Deloitte’s fastest-growing software companies in North America, the company has built a large beta user base and is scaling a model that turns everyday smartphone usage into a potential income stream. 

EquityMultiple 

For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000, with only ~5% of opportunities passing their due diligence process.

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