Elon Musk has forecasted that artificial intelligence and robotics will resolve the United States' $38.34 trillion debt crisis within three years. Speaking on a podcast with Indian entrepreneur Nikhil Kamath, Musk suggested that a productivity revolution driven by AI will enable the output of goods and services to surpass inflation rates.
Musk further predicted that in 20 years, work could become optional, leading to an era of 'Universal High Income.' He highlighted Tesla's Optimus robot as a key player in this transformation, potentially eradicating poverty and reducing the necessity for human labor. Despite Musk's optimistic outlook, experts like Nobel laureate Geoffrey Hinton caution that AI advancements could result in significant unemployment and increased wealth concentration.
Elon Musk Predicts AI to Solve $38 Trillion US Debt in 3 Years
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