Elon Musk: My prediction is that there will be more robots than people

Summary

In a CNBC interview, Tesla CEO Elon Musk tells BlackRock chair and CEO Larry Fink that he expects a future with more humanoid robots than people. Musk argues that a large robot fleet multiplies economic output and can saturate all human needs, producing broad abundance of goods and services. He sees near-universal demand for such robots, especially for childcare and care for ageing parents given shortages of young caregivers, and says he is very optimistic about the future.

• Elon Musk discusses robotics and AI with Larry Fink in a CNBC conversation.
• Musk predicts there will eventually be more humanoid robots than people.
• Economic output framed as productivity per robot times number of robots.
• Robots and AI expected to saturate human needs and create abundance.
• Universal robot ownership expected, including childcare and pet care.
• Shortage of young caregivers for the elderly cited as a key demand driver.
• Musk says he is very optimistic and calls this the most interesting time in history.