Tesla CEO Elon Musk has warned that artificial intelligence (AI) could soon make jobs redundant and create a future where “no job is needed.”
Speaking at the World AI Conference in Shanghai, Musk said AI could “produce an unprecedented level of prosperity,” but warned of the potential risks of automation and the need for governments to prepare for the effects of AI on the workforce.
Musk, who is known for his outspoken views on technology, said AI will “progressively and exponentially” reduce the demand for human labor, leading to a situation where “no job is needed.”
He added that this could have a major impact on the global economy, with unemployment skyrocketing and governments being forced to introduce new policies to protect workers.
The Tesla CEO also urged governments to “take action now” to prepare for the potential job losses caused by AI, saying that they should “start working on ways to cushion the impact of automation on jobs.”
He added that countries should focus on developing “universal basic income” systems that would provide citizens with a regular income to help them cope with the effects of automation.
Musk’s comments come as many businesses are already beginning to use AI and automation to reduce their reliance on human labor.
Companies such as Amazon, Microsoft, and Apple are already using AI to automate mundane tasks and increase efficiency. In addition, companies such as Uber and Lyft are using AI to automate the process of matching drivers with passengers.
The potential impact of AI on the global economy has raised concerns among experts, with some warning that the technology could lead to large-scale unemployment and widening inequality.
However, others argue that AI could also create new jobs and opportunities, particularly in the areas of data analysis and software development.
Despite the potential risks of AI, Musk is confident that the technology will ultimately benefit society. He said that AI could “produce an unprecedented level of prosperity,” but added that governments must take action now to ensure that the benefits are shared fairly.