Elon Musk Discusses Korea's Low Birthrate at Saudi Summit

Tesla CEO Elon Musk virtually participated in the eighth Future Investment Initiative (FII) Conference held in Riyadh, Saudi Arabia, discussing the critical issue of low birthrates. During this notable session focused on artificial intelligence, Musk expressed his view that declining population rates pose a more significant threat to humanity than the advancement of AI.

Musk cited South Korea's alarmingly low total fertility rate, which fell to 0.72 in 2023. He conveyed that if current trends continue, South Korea's population could shrink to about one-third of its current size within a few generations. Similarly, he pointed out that Europe could see its population decrease to half of its current figures.

Population Concerns Over AI

The billionaire entrepreneur remarked that while AI is a pressing issue today, the long-term implications of a collapsing global population are even more daunting. “If the current compounding effect continues, you would see that many countries become 5 percent of their current size or less within three generations,” he warned decision-makers at the summit.

Musk, who has 12 children, has long championed the need for families to grow, emphasizing that humanity cannot continue to thrive without new generations. His views reflect ongoing societal discussions about the implications of declining birthrates in advanced economies.

The Future with AI

During his address, Musk also made bold predictions about the future of robotics and AI. He projected that by 2040, the number of humanoid robots might reach 10 billion, exceeding the global human population. He anticipated that these robots would be available at a much lower cost, estimating them to retail between $20,000 and $25,000.

Despite promoting optimism around AI, Musk pointed to potential flaws in current AI systems. He expressed concern that these systems, particularly those being developed in settings like San Francisco's Bay Area, may be influenced by political correctness, hindering their effectiveness in truth-seeking.

To underpin his remarks, Musk showcased technologies from his companies, including the Tesla vehicles and advancements in AI through his xAI initiative, highlighting a future where AI improves human life rather than detracts from it.

In conclusion, Musk’s discussion at the summit was a call to action for global leaders to pay closer attention to issues surrounding population decline, while also addressing the balance needed in the rapid development of technology.

Elon, Population, AI