Elon Musk: "Robots Will Outnumber Humans"
Tesla CEO Elon Musk predicts that robots will become ubiquitous, sparking a boom in the global economy.
“My prediction is that the number of robots will exceed the number of humans,” Musk said in a conversation with Larry Fink, CEO of BlackRock, at the World Economic Forum (WEF) in Davos, Switzerland, this week. He described a future world with billions of robots, assisting in a wide range of tasks including childcare and elderly care.
According to Musk, future economic output will be determined by productivity multiplied by the massive scale of robots, unconstrained by human labor. As a result, the level of production enabled by robots will reach unprecedented heights.
He believes that once robots are mass-produced, they will be able to meet virtually every need. “I predict we will create so many robots and AI systems that they will easily fulfill all human demands. At some point, you won’t even be able to think of anything else to ask them to do,” Musk said.
The billionaire also emphasized that robots and AI are the path to global prosperity. “People often talk about solving global poverty or how everyone can achieve a very high standard of living. I think the only way to accomplish this is through AI and robots,” he said.
Analysts at investment bank Barclays estimate that the humanoid robot market is currently worth around $2–3 billion. Barclays projects the market will grow to at least $40 billion by 2035, and potentially as high as $200 billion, as AI-powered robots penetrate labor-intensive industries such as manufacturing.
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