Musk says AI and Robotics are the only way to solve America’s $38 Trillion problem
The main panel of the financial show discusses Elon Musk’s bold prediction that artificial intelligence will make work choice and money undeniable in the near future.
Elon Musk He said in a new interview that he thinks robots powered by Artificial Intelligence Toins and Output is the only way to deal with the $38 trillion national debt.
Sisk said in a podcast interview “in a separate interview with Nikhil Kamath” released on Sunday that the broadcast transmission of Ai and robots Is it the only way to deal with the country’s huge and growing debt.
“I think it’s only a good thing that’s going to solve the US debt problem, because right now the US debt is insanely high,” Musk said. “Interest payments on the debt exceed the entire military budget of the United States – just interest payments, and at least in the short term it will continue to rise.”
“So I think really the only thing that can complicate the credit situation is AI and robots,” he added. “It is more likely that it will cause a large reduction because pollution or inflation is a measure of the goods and services produced by a change in the money supply.”
The national debt passes the $38 trillion Milestone for the first time in US history as spending
Elon Musk sees Ai and Robots revolutionizing the economy in the coming years. (Chesnot/Getty Images)
Musk said that because AI and robotics could lead to a huge increase in output, it could lead to planning – which the opposite of inflation and results in a reduction in the price level.
“If you have AI and robots, and a dramatic increase in the outsourcing of goods and services, you’re probably going to have a setback.
Elon Musk predicts work will be ‘voluntary’ in the coming decades
Musk said he thinks AI will push the growth rate in goods and services more than money growth in the next few years. (Marc Piasecki/Getty Images)
The CESLA CEO was asked about the current rate of inflation, which remains very high The Federal Reserve’s 2% targetand he said that AI has not improved the product enough yet to create pollution.
“AI has not yet made enough of an impact on production to increase goods and services much faster than money with a $2 trillion supply, so you would have to have a lot more goods and services to be bankrupt,” he said.
“We’re not there yet, but when you say ‘how long will it take us to get there,’ I think three years – three years is more than three years of growth,” Musk added.
Musk predicts money will ‘stop being relevant in the future’ as AI, robotics advance
Musk’s Tesla is focused on developing humapeid ani robots. (Costfoto / Nurphoto via Getty Images)
This page Tech Billionaire And he said he thinks the rise of AI and Robots will reshape the economy and financial system in general.
“I think at a certain point you destroy the normal kind of economy when you have AI and manufacturing robots chips and solar panels and mining equipment to make chips and robots … you plan on completing that cycle, when that cycle is completed, I think that’s the point where it comes out of the money system,” Musk said.
Musk was asked if that was the way forward talking about the US’s national debt, and Tesla’s chief executive commented, “at this point that I’m talking about, the idea of countries is becoming kind of anachronistic.”
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“It’s just what I think is going to happen based on what I see, as opposed to basically good things, and I’m trying to make them happen,” he said. “I think this is going to happen without me, whether I like it or not. As long as civilization continues to advance, we’re going to have giant robots.”
