Musk: AI could boost global economic growth by 20%-30%, and there will be 1 billion humanoid robots in the next decade.

Elon Musk, CEO of Tesla and SpaceX, rarely shies away from making bold predictions about new technologies. His remarks at the G20 central bank governors and finance ministers summit in Asheville, North Carolina, were no exception.

Musk stated via video link at the summit:

"In fact, we have already seen, and will continue to see, significant productivity gains from artificial intelligence, while robotics will deliver a leap in productivity."

Musk added:

"To give you a more intuitive feel for the scale, I think AI could increase the global economy by 20% to 30%, which is my rough estimate. That means it could add about $20 trillion to $30 trillion every year."

Musk called on regulators to encourage and embrace new technologies such as AI, arguing that such technologies should be "legal by default" rather than "illegal by default."

He is most optimistic about the field of robotics, predicting that the number of humanoid robots worldwide will reach 1 billion within the next ten years.

"By the end of next year, AI will be able to do all the work in the digital domain, that is, all the work that does not require people to manually shape physical objects."

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