Elon Musk warns that artificial intelligence is akin to "summoning the demon."

Speaking Friday at the MIT Aeronautics and Astronautics department’s Centennial Symposium, Tesla chief executive Elon Musk called artificial intelligence our biggest existential threat:

I think we should be very careful about artificial intelligence. If I were to guess like what our biggest existential threat is, it’s probably that. So we need to be very careful with the artificial intelligence. Increasingly scientists think there should be some regulatory oversight maybe at the national and international level, just to make sure that we don’t do something very foolish. With artificial intelligence we are summoning the demon. In all those stories where there’s the guy with the pentagram and the holy water, it’s like yeah he’s sure he can control the demon. Didn’t work out.

Musk was so caught up on artificial intelligence that he missed the audience’s next question. “Sorry can you repeat the question, I was just sort of thinking about the AI thing for a second,” he said.
Musk spoke for over an hour and left to a standing ovation. Are we closer to a Terminator type future?
Full interview below:

References:
http://www.washingtonpost.com/blogs/innovations/wp/2014/10/24/elon-musk-with-artificial-intelligence-we-are-summoning-the-demon/