#ElonMusk disagrees with PayPal co-founder Peter Thiel’s comparison of AI and ‘90s internet, Tesla CEO says, ‘I do think…’ 🤖💥

Elon Musk has expressed a strong disagreement with Peter Thiel’s assessment of AI’s impact on the economy. Thiel, co-founder of PayPal, compared AI’s potential to the internet boom of the 1990s, suggesting it would contribute a small boost to GDP growth, around 1% annually over the next 10-15 years. 📉

However, Musk believes AI will have a much greater transformative power, pushing the economy into a massive surplus within the next 10 years. 🚀

The Debate Between Musk and Thiel:

Thiel's View: AI could add a few percentage points to GDP growth over time, similar to how the internet contributed to growth in the late 1990s. He believes it’s significant but not society-changing.

Musk’s Response: Musk argued that AI and robotics will have a far-reaching economic impact, leading to a massive increase in the global economy in the next decade. He dismissed Thiel's predictions as underestimating AI’s potential. ⚡

Conversation About Humanoid Robots 🤖

Thiel also shared an anecdote from a conversation he had with Musk, where Musk predicted that there would be a billion humanoid robots in the U.S. in 10 years. According to Musk, this surge in robotics will drive such immense growth that issues like budget deficits will no longer be a concern. 🏗️

Thiel, however, seemed more cautious about the transformative nature of this vision, suggesting that it might not be as economically disruptive as Musk believes. He questioned whether Musk had fully thought through the economic implications of a world with a billion robots. 🤔

Looking Ahead 🌐

The AI debate between Musk and Thiel highlights two competing visions of how technology will shape the future. As AI continues to evolve, it will be fascinating to see whether Musk's bold predictions or Thiel’s more measured approach holds true in the coming years. ⏳

Stay tuned as the debate over AI’s economic future unfolds!

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