Elon Musk Says America’s Wealth Gap With Europe Is About to Get ‘Much Bigger’ — AI and Robots Are Why - S

Space Exploration Technologies Corp. (NASDAQ:SPCX) and Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk thinks that the U.S.’s advances in artificial intelligence and robotics would help the country widen the wealth gap with Europe.

AI, Robots Will Be the Key Factors

In a post on X on Sunday, TV Presenter John Stossel posted a video asking why the U.S. was “50% richer” than Europe despite the latter having 100 million more citizens than the U.S. “This difference will get much bigger due to AI and robots in America,” Musk said in his response on Monday.

According to a report by the Financial Times last week, since 2021, the U.S.’s investments in AI technology rose three times faster than those of Europe, but the report also cited experts, who warned of an investment “bust” should the adoption of the technology fail to match expectations.

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