Elon Musk warns the U.S. is 1,000% going to go | Political News

Tech billionaire Elon Musk reiterated his perception that AI and robots are needed to save the U.S. financial system from crippling debt.

The Tesla CEO issued the fatalistic warning during a dialog with podcaster Dwarkesh Patel and Stripe Co-Founder John Collison. In the interview, Musk was requested about his harsh spending cuts while serving under the Trump administration’s Department of Government Efficiency, during which the SpaceX CEO raised issues about alleged waste and fraud as effectively as the national debt, arguing that technology could lead on to GDP growth and eradicate debt.

Musk stepped down from his function at DOGE after enacting aggressive federal division cuts. The remarks come shortly after Musk was reportedly summoned by European authorities amid a probe into X’s Grok for alleged cybercrimes.

“In the absence of AI and robotics, we’re actually totally screwed because the national debt is piling up like crazy,” Musk claimed.

He noted that the country’s debt of $38.5 trillion, with an annual $1 trillion interest payment, even exceeds the country’s military budget, which already far outpaces any other country in the world.

“It’s the only thing that could solve the national debt. We are 1,000% going to go bankrupt as a country, and fail as a country, without AI and robots,” he opined. “Nothing else will solve the national debt. We just need enough time to build the AI and robots to not go bankrupt before then.”

Musk has made similar remarks in the past, including in late November on Nikhil Kamath’s podcast, where the X CEO argued that the only way to solve the U.S. debt crisis is to use AI and robotics at a “very large scale.”

However, he admitted that there is potential for the move to cause major deflation, which financial experts note threatens to increase overall debt. At first, inflation would lighten up but would trigger a boost in bond yields that would increase debt-interest payments.

“That seems likely because you simply won’t be able to increase the money supply as fast as you increase the output of goods and services,” Musk noted.

Musk has faced extreme pushback for his fatalistic conclusions from critics who argue that the push for AI and robotics is manufactured. Critics also note the negative impact that such technology has on the environment and the jobs market as some predict a mass unemployment crisis as a result of AI.

His remarks come shortly he was reportedly summoned by French authorities to answer questions regarding an investigation into an alleged cybercrime involving the company’s Grok AI instrument last week. Officials confirmed the raid occurred in a assertion on X.

Musk confronted fierce backlash after Grok posted inappropriateized AI photos and made white supremacist remarks.