AsianFin — Elon Musk believes that artificial intelligence and robotics will fundamentally reshape the global economy within the next ten years, potentially leading to budget surpluses and massive economic expansion.

His comments came in response to a post on social media platform X that featured a past discussion between Musk and prominent venture capitalist Peter Thiel. In the exchange, Musk projected that the U.S. could have as many as one billion humanoid robots within a decade — a scale of automation that Thiel suggested would render budget deficits irrelevant due to the transformative impact on productivity and economic output.

The post reflects Musk’s ongoing confidence in the accelerated development of general-purpose robots and AI, which he views as key to unlocking a new era of economic abundance.