Tech entrepreneur suggests move to self-learning synthetic data created by artificial intelligence models

• Business live – latest updates

Artificial intelligence companies have run out of data for training their models and have “exhausted” the sum of human knowledge, Elon Musk has said.

The world’s richest person suggested technology firms would have to turn to “synthetic” data – or material created by AI models – to build and fine-tune new systems, a process already taking place with the fast-developing technology.