{"id":169632,"date":"2025-12-01T18:08:18","date_gmt":"2025-12-01T18:08:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/169632\/"},"modified":"2025-12-01T18:08:18","modified_gmt":"2025-12-01T18:08:18","slug":"elon-musk-says-ai-will-help-solve-americas-national-debt","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/169632\/","title":{"rendered":"Elon Musk says AI will help solve America&#8217;s national debt"},"content":{"rendered":"\n<p class=\"yf-1090901\">Tesla CEO Elon Musk believes there&#8217;s an answer to bringing down the U.S.&#8217;s $38 trillion national debt: artificial intelligence.<\/p>\n<p class=\"yf-1090901\">&#8220;I think, actually, the only thing that can solve for the debt situation is AI and robotics,&#8221; Musk <a href=\"https:\/\/x.com\/nikhilkamathcio\/status\/1995145212570849665?s=20\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:said in a podcast interview published Sunday;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">said in a podcast interview published Sunday<\/a> with billionaire investor Nikhil Kamath. He believes it &#8220;probably would cause significant deflation.&#8221;<\/p>\n<p class=\"yf-1090901\">&#8220;Currently the U.S. debt is insanely high and the interest payments on the debt exceed the entire military budget of the United States, just the interest payments,&#8221; Musk said, adding it&#8217;s set to increase in the short-term, in line with projections from fiscal policy experts.<\/p>\n<p class=\"yf-1090901\">Many companies, particularly in the tech sector, are spending billions on AI technology, but <a href=\"https:\/\/www.nytimes.com\/2025\/08\/13\/business\/ai-business-payoff-lags.html\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:there hasn&#039;t yet been;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">there hasn&#8217;t yet been<\/a> a corresponding, measurable gain in workplace efficiency, experts say. Musk acknowledged that, and then made a bold prediction on how long it will take for AI&#8217;s productivity gains to offset the spending.<\/p>\n<p class=\"yf-1090901\">&#8220;We&#8217;re not there yet,&#8221; Musk said. &#8220;But if you say, like, how long would it take us to get there? I think it&#8217;s three years.&#8221;<\/p>\n<p class=\"yf-1090901\">A boost in productivity can set the stage for large wage gains as long as the elevated production in goods and services outpaces the higher labor costs. That way, employers aren&#8217;t compelled to offload the bigger costs onto consumers to preserve their bottom line.<\/p>\n<p class=\"yf-1090901\">Musk, though, has a far more optimistic view of AI&#8217;s effect on productivity compared to others studying the issue.<\/p>\n<p class=\"yf-1090901\">In September, the nonpartisan Penn Wharton Budget Model <a href=\"https:\/\/budgetmodel.wharton.upenn.edu\/issues\/2025\/9\/8\/projected-impact-of-generative-ai-on-future-productivity-growth\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:projected;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">projected<\/a> that generative AI&#8217;s impact on productivity growth will be scant in the near-future. &#8220;AI\u2019s boost to productivity growth is strongest in the early 2030s, with a peak annual contribution of 0.2 percentage points in 2032,&#8221; the PWBM analysts said.<\/p>\n","protected":false},"excerpt":{"rendered":"Tesla CEO Elon Musk believes there&#8217;s an answer to bringing down the U.S.&#8217;s $38 trillion national debt: artificial&hellip;\n","protected":false},"author":2,"featured_media":169633,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,218,219,93861,605,61,60,25383,91751,1820,80,93862],"class_list":{"0":"post-169632","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-debt-situation","12":"tag-elon-musk","13":"tag-ie","14":"tag-ireland","15":"tag-national-debt","16":"tag-nikhil-kamath","17":"tag-productivity","18":"tag-technology","19":"tag-workplace-efficiency"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/169632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=169632"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/169632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/169633"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=169632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=169632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=169632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}