Artificial intelligence and robotics can solve the US debt crisis

In his latest interview, Elon Musk claimed that artificial intelligence can solve the US debt crisis. The United States is currently over $38 trillion in debt.

Appearing in a YouTube interview with Nikhil Kamath, Musk said productivity gains from artificial intelligence and robotics could be “the only thing that solves America‘s debt crisis.” According to Musk, the widespread use of artificial intelligence and robotics is likely to significantly reduce inflation as the production of goods and services increases dramatically.

Artificial intelligence and robotics can solve the US debt crisis by increasing productivity

Musk said in this interview: “You know that the current debt of the United States is extremely high, and the interest payments on the debt are more than the entire military budget of the United States, and this issue will continue to increase, at least in the short term; “So I think really the only thing that can solve the debt situation is artificial intelligence and robotics.”

He also pointed out in another part of his speech: “If the real production of services and goods grows slower than the supply of money, inflation will occur.” It’s that simple; Therefore, if artificial intelligence and robotics cause a significant increase in the production of goods and services, we will probably have a decrease in inflation.” Musk also predicted that in less than three years, the production of goods and services will outpace the rate of inflation.

Elon Musk once again repeated his previous words that the expansion of artificial intelligence and robotics can make working optional. He envisioned a scenario where productivity is so high and goods and services are widely available that no one has to work to meet their basic needs.

Elon Musk’s idea to solve the US debt crisis with artificial intelligence and robotics comes up in a situation where companies are laying off employees and replacing them with automation and artificial intelligence. While it is not yet clear whether AI can solve the debt crisis, current trends suggest that AI may lead to mass unemployment in America.