Musk: AI can solve the U.S. debt crisis within three years.

[Elon Musk: AI can solve the U.S. debt crisis within three years] In a conversation with investor and podcast host Nikhil Kamath released on Sunday, Musk said the only way for the U.S. to escape its deepening fiscal woes is through productivity driven by AI and Bots. Musk stated that this is almost the only way to solve the U.S. debt crisis. He added that this will likely lead to significant deflation. According to data from the U.S. Treasury, as of November 26, the national debt of the United States has reached $38.34 trillion, more than double what it was ten years ago. Musk stated that AI has not yet sufficiently enhanced productivity to allow economic output to exceed the rate of inflation, but this is about to change. He said that within three years or less, his judgment is that the output of goods and services will exceed the rate of inflation. Musk stated that advancements in AI and Bots technology will bring humanity to a stage where “work becomes optional,” potentially within the next twenty years. Musk described this outcome as “universal high income,” which means a world of extremely high productivity, with an abundance of goods and services, where people can meet their basic needs without having to work.