Musk Says AI Could Add $20-30 Trillion a Year to Global Economy
· Technology · Bloomberg, Bernama
Tesla CEO Elon Musk told a G20 Innovation Summit that Artificial Intelligence could raise the global economy by 20% to 30%, equivalent to roughly $20 trillion to $30 trillion annually. Musk, who has built AI ventures including xAI and integrated AI into Tesla products, framed the projection as a transformative productivity gain rather than a near-term forecast. The remarks come as governments and companies worldwide are accelerating AI investment and debating safety frameworks. The G20 Innovation Summit convenes leaders to discuss emerging technologies and their economic implications. Musk has previously warned about AI's existential risks while simultaneously scaling his own AI infrastructure.
Why it matters
An India-relevant AI boom of this scale would reshape global trade, labour markets and chip supply chains, directly affecting India's IT services sector, its growing AI startup base and millions of tech workers whose jobs hinge on automation-driven demand.
Read the original report — Bloomberg
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