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business4h ago
Elon Musk Bets On Human Workforce As AI, Robotics Boost Productivity: 'Basically Just Issue Money…'
- Musk said Tesla will expand its workforce as AI and robotics boost productivity.
- Musk claimed the company would 'basically just issue money to people' amid rising productivity.
- Musk warned of deflation as output grows faster than money supply.
- The remarks come amid broader AI-related layoffs in tech, including Block and Atlassian.
- Critics, including Sen. Bernie Sanders, question universal high income promised by automation.
- Musk has linked Optimus Humanoid Robot to a future where money may be less central.
- xAI and other AI initiatives have seen leadership departures at Musk's ventures.
- The piece notes ongoing concerns about job availability amid AI adoption.
- Musk’s remarks were reported by Business Insider and reference the Abundance Summit.
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