In a conversation with investor and podcast host Nikhil Kamath released Sunday, Musk said that the only way for the United States to escape its deepening fiscal woes is through AI and robot-driven productivity. Musk said that this is pretty much the only solution to the U.S. debt crisis. He added that it is likely to lead to significant deflation.
According to US Treasury data, as of November 26, the US national debt had reached $38.34 trillion, more than double what it was a decade ago.
Mr. Musk said AI was not yet enough to boost productivity enough for economic output to outpace inflation, but that was about to change. Within three years or less, he said, his judgment was that the output of goods and services would outpace inflation.
Mr. Musk said advances in AI and robotics would bring humanity "to work as an option", possibly within the next two decades, an outcome he described as "high income for all" - a world of high productivity and abundant goods and services, where people can meet basic needs without having to work.
Elon Musk: AI could solve the US debt crisis in three years
2025-12-01 07:23:06
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