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Elon Musk's bold prediction on humanoid robots that could make Tesla...
By 2040, there will be at least 10 billion humanoid robots priced between $20,000 and $25,000, Elon Musk said at the 8th Future Investment Initiative conference, which began Tuesday in Saudi Arabia's capital, Riyadh. The Optimus robot is the humanoid robot under development by Tesla and could multiply the company's valuation, according to Musk, who joined the conference via videolink. "Robotic taxis makes Tesla about a $5 trillion company," Musk said. "The Optimus Robot, I think, makes Tesla a $25 trillion company." Musk also spoke about population decline, the need for "maximally truth seeking" artificial intelligence, and timing for sending space ships to Mars. He said he believed instead some AIs were being trained to be politically correct, with some being built with a "woke, nihilistic, in my opinion, philosophy."
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Tesla CEO Elon Musk Predicts Robots to Outnumber Humans by 2040 - Decrypt
Imagine a world where humanoid robots outnumber people -- this a reality Tesla CEO Elon Musk said we'll see by the year 2040. Musk's prediction came during the annual Future Investment Initiative conference in Riyadh, Saudi Arabia, on Tuesday. "I think by 2040 probably there are more humanoid robots than there are people," Musk told the audience. "Every country will have an AI or multiple AIs, and there will be a lot of robots, way more robots than people." According to the U.S. Census Bureau's World Population Clock, the number of humans currently stands at around 8.2 billion. Musk has previously heralded the surge of humanoid robots and advanced AI and how it would impact humanity, going so far as to say humans will face a 'crisis of meaning.' "If you've got humanoid robots -- when there's no real limit on the number of humanoid robots -- and they can operate very intelligently, then there's no actual limit to the economy in it," Musk said at the 2024 All-In Summit hosted by the All-In Podcast, in September. Experts, however, disagree with Musk's assertion that the AI robot revolution is nearing. "Elon has a track record of overoptimistic predictions about AI, and this one is no different," author and scientist Gary Marcus told Decrypt, contrasting owning a robot to owning a car. "There are only about 1.5 billion cars on the road; many people can't afford one or don't see the need," Marcus said. "The same will be true for humanoid robots, and we aren't going to see six humanoid robots for every car anytime soon." Marcus is a cognitive scientist, AI researcher, and author of six books on artificial intelligence known for critiquing overhyped AI claims. In September, Marcus criticized OpenAI for not delivering on GPT-5 or Sora, despite being valued at $150 billion. "Absolutely insane," he said. "Investors shouldn't be pouring more money at higher valuations. They should be asking what is going on." During the unveiling of the new autonomous cybercabs earlier this month, Musk showcased Tesla's Optimus robots, which he said would be affordable, with long-term cost projections of around $20,000 to $30,000 each. Despite Musk's promises of affordable robots for everyone, Marcus said economic and safety concerns, along with significant software and hardware challenges, would make widespread adoption of humanoid robots in the near future unlikely. "Roomba, the best-selling consumer robot of all time, sells for a few hundred dollars and has sold around 50 million units," Marcus said. "It's just fantasy to imagine selling 200 times as many humanoid robots in the nearish term when nobody knows how to build a single safe, reliable, generally useful humanoid right now, at any price."
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Elon Musk forecasts a future where humanoid robots outnumber humans by 2040, with significant implications for Tesla's valuation. However, AI experts express skepticism about the feasibility of this prediction.
Elon Musk, CEO of Tesla, has made a striking prediction about the future of robotics. Speaking at the 8th Future Investment Initiative conference in Riyadh, Saudi Arabia, Musk forecasted that by 2040, there will be at least 10 billion humanoid robots in use worldwide 1. This number would surpass the current human population, which stands at approximately 8.2 billion according to the U.S. Census Bureau's World Population Clock 2.
Musk's vision extends beyond mere numbers. He believes that the development of humanoid robots, particularly Tesla's Optimus robot, could have significant economic implications for his company. According to Musk, while robotic taxis could make Tesla a $5 trillion company, the Optimus Robot could potentially increase Tesla's valuation to $25 trillion 1.
During the conference, Musk projected that these humanoid robots would be priced between $20,000 and $25,000, making them potentially accessible to a wide range of consumers and businesses 1. This aligns with his previous statements at the unveiling of Tesla's autonomous cybercabs, where he mentioned long-term cost projections of $20,000 to $30,000 for the Optimus robots 2.
However, not everyone shares Musk's optimistic outlook. Gary Marcus, a cognitive scientist and AI researcher, expressed skepticism about the feasibility of Musk's predictions. Marcus pointed out that there are currently only about 1.5 billion cars on the road, and many people can't afford one or don't see the need. He argues that the same constraints would apply to humanoid robots 2.
Marcus highlighted several challenges that could impede the widespread adoption of humanoid robots:
He compared the potential adoption of humanoid robots to that of Roomba, the best-selling consumer robot, which has sold around 50 million units at a few hundred dollars each 2.
During the conference, Musk also touched on other topics, including:
As the debate continues, the future of humanoid robots and their potential impact on society and the economy remains a topic of intense speculation and discussion in the tech world.
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