Elon Musk Believes AI and Humanoid Robots Will Save US From Debt

Elon Musk’s interests may lie inherently in AI and Robotics, but his vision seems to be more oriented towards alleviation of major issues, such as economic crises. In his past discussions, the Tesla chief executive has often spoken about the potential of artificial intelligence and humanoid robots to combat global poverty and further boost the economies of various countries across the world.

One of the most prevalent issues for he U.S. has been the national debt. Although the American economy continues to progress, the matter associated with the national debt is often left unaddressed. Nevertheless, Elon Musk expressed his confidence in the solution of AI and Robotics to the problem of debt in the US.

Tesla CEO Elon Musk reiterates how AI and Robotics will eliminate debt in US

Elon Musk spoke with much conviction about the impact of AI and robotics on the American economy. During his appearance on Nikhil Kamath’s podcast, the SpaceX chief executive discussed at length the promising capabilities AI and robotics have that would shape future economies and financial institutions.

The Tesla CEO said, “We will have AI and robotics at very large scale. I think that’s pretty much the only thing that’s going to solve for the US debt crisis. You know that because currently the US debt is insanely high, and the interest payments on the debt exceed the entire military budget of the United States, just the interest payments and that’s, at least in the short term, going to continue to increase.”

He did share his anticipation of deflation due to the increased supply of AI-driven robots which could surpass the demand for the same. In this context, Musk continued, “If real business services output increases slower than the money supply, you have inflation. It’s that simple. So if you have AI and robotics have a dramatic increase in output of goods and services, probably you will have deflation.”

Related: Tesla CEO Elon Musk Envisions a Future Where AI Eradicates Poverty and Boosts Global Wealth

Elon Musk’s views of AI Robotics erasing debt divides the internet

Elon Musk spoke largely about the potential of AI-driven robotics as well as the chances of a deflation happening. Nevertheless, he is certain that advancements in AI technology and robotics will help solve the debt issue in the country.

An X post by user @cb_doge shared the clip and transcription of Musk’s interview, highlighting the same point. In the comments, many netizens agreed with his views. They stated that the robotic revolution is inevitable and not addressing it would only affect the American economy in dire ways.

Other users on the platform, however, opposed his idea of an AI and Robotic revolution as solution to the national debt issue in the US. Some opined that the perpetration of economic issues are due to the human beings involved in the situation. To those users, the inclusion of AI robots may not be an effective solution at all but would further add to the problems that already exist.

Musk has been a strong proponent of the AI-driven future which would be carried on the shoulders of humanoid robots. Although many view it as farfetched, others choose to reserve their hopes for the cause. Perhaps time will tell whether artificial intelligence could actually solve the issues human beings have created.

Also Read: Tesla CEO Elon Musk Sparks Online Debate After Sharing AI Video of Robots Replacing Humans in Workspaces

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Apurba Ganguly
Apurba Ganguly
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