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00:02Elon Musk said Tesla plans to expand its workforce as artificial intelligence and robotics increase
00:08productivity. Business Insider reported Musk made the comments at the Abundance Summit.
00:12Musk said Tesla was not planning layoffs and said the company's output per worker would get
00:17nutty high. He also said companies could eventually issue money directly to people
00:21and predicted economic deflation as the output of goods and services exceeds the money supply.
00:26Musk has previously said products such as the Optimus humanoid robot could make money
00:31unnecessary and enable universal high income. Critics question how such a system would work
00:36as AI reduces entry-level jobs. Other tech companies, including Block and Atlassian,
00:42have announced layoffs linked to AI adoption. Tech companies have cut thousands of jobs during AI
00:47adoption, prompting concerns from lawmakers about the impact of automation on the U.S. workforce.
00:52For all things money, visit Benzinga.com.
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