Elon Musk, CEO of Tesla, recently shared his insights on the economic impact of artificial intelligence during an interview at Dubai’s World Government Summit, emphasizing the pivotal role humanoid robots will play in the future economy. He stated that humanoid robots and deep intelligence would unlock the global potential to provide “quasi-infinite products and services.” Further details about the interview can be found here.

Read also: Elon Musk Dismisses Possibility of Acquiring TikTok

Musk’s perspective aligns with data from the IndexBox platform, which highlights a growing interest and projected investment in AI and robotics sectors. The anticipation is that such advancements will drastically increase production capabilities and broaden service offerings globally. Musk’s vision, as discussed with UAE’s AI Minister Omar Sultan Al Olama, proposes a future where economic constraints are minimal, challenging the traditional notions of monetary value.

In a related strategic move, Tesla plans to start producing thousands of its Optimus robots by the end of 2025, according to Musk’s declarations during a recent earnings call. Musk estimates that this venture could potentially generate over $10 trillion in revenue, underscoring his prediction that humanoid robots could facilitate a universal high-income scenario by allowing anyone to produce a vast range of goods and services.

While Musk’s ambitious timelines have historically faced setbacks, as observed with the Cybercab robotaxis project, the visionary entrepreneur remains confident in the transformative power of robotics. Tesla is not alone in this endeavor, with Meta also stepping into the robotics arena led by former Cruise CEO Marc Whitten, indicating a broader industry trend towards embracing AI-driven robotics.

Source: IndexBox Market Intelligence Platform