Elon Musk said in a new interview that he thinks robotics powered by artificial intelligence (AI) driving productivity gains and output are the only way to address the more than $38 trillion national debt.
Musk said in a podcast interview on "A Different Conversation with Nikhil Kamath" released Sunday that the widespread deployment of AI and robotics are the only ways to address the large and growing national debt.
"I think that's pretty much the only thing that's going to solve for the U.S. debt crisis, because currently the U.S. debt is insanely high," Musk said. "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."
"So I think actually the only thing that can solve for the debt situation is AI and robotics," he added. "It probably would cause significant deflation because deflation or inflation is really the ratio of goods and services produced to the change in the money supply."