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4 Articles
Watch Elon Musk Sees AI Increasing Global Economy by 20%-30%
Tesla CEO Elon Musk says he expects Artificial Intelligence to increase the global economy by 20% - 30%, or roughly $20 Trillion to $30 Trillion, per year. Musk spoke virtually during the G20 Innovation Ministerial.
Elon Musk took the stage at the G20, warning that the demand for electricity from AI is growing faster than production capacity. He predicted a shortage of at least 15 GW by 2027, pointing to this as an opportunity for countries to accelerate investment in power plants and data centers. He also estimated that AI would boost the global economy by 20-30%, while humanoid robots could increase global productivity by more than 10 times in the long te…
Entrepreneur Elon Musk said artificial intelligence will increase the size of the world economy by 20-30%, or about $20-30 trillion a year.
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