Elon Musk has declared that artificial intelligence could eradicate poverty by solving labor shortages and driving costs to near zero. Speaking at the US‑Saudi Investment Forum, Musk described poverty as an “engineering problem.” Paytm CEO Vijay Shekhar Sharma echoed the sentiment, calling AI a tool for poverty elimination.
At the US‑Saudi Investment Forum in Washington, Elon Musk outlined a future where AI systems like Grok and humanoid robots such as Optimus could transform global economics. By automating labor and reducing costs, Musk argued poverty could become “statistically irrelevant” within the next decade. He emphasized that the scale of AI’s impact is easy to underestimate, framing it as a technological solution to one of humanity’s oldest challenges.
Vijay Shekhar Sharma, founder and CEO of Paytm, amplified Musk’s remarks by quoting his post on X and adding “AI for poverty elimination!” Sharma has previously advocated for AI‑first strategies in business, underscoring its potential to reshape work and create new opportunities.
Notable updates
-
Elon Musk calls poverty an engineering problem solvable by AI
-
AI tools like Grok and Optimus cited as drivers of change
-
Musk predicts poverty could be statistically irrelevant in the next decade
-
Paytm CEO Vijay Shekhar Sharma publicly endorses Musk’s vision
-
Sharma highlights AI’s role in reshaping business and job creation
Musk’s assertion and Sharma’s endorsement spotlight AI’s transformative potential, positioning it as both a technological revolution and a social equalizer.
Sources: Livemint, Times of India, India Today