Would you let Elon Musk’s Grok bot control your bank account? Elon Musk says he’ll cover you if the AI messes up (UPDATED)

Elon Musk, the founder of SpaceX and Tesla, recently suggested that users could allow his AI chatbot, Grok, to manage their bank accounts. He stated on the social media platform X that his company would reimburse any losses incurred due to Grok making errors in financial transactions. This proposition has sparked discussion regarding the security and reliability of AI in sensitive personal finance applications.

The proposal comes at a time when AI is increasingly being integrated into various aspects of daily life, from personal assistants to financial advisory services. Musk's willingness to financially back a user's experiment with Grok controlling finances highlights a bold, and for some, concerning, step in AI adoption. This experiment, if undertaken, could provide real-world data on the current capabilities and potential risks of advanced AI systems in handling monetary matters.