Musk suggested that the US authorities distribute money due to the replacement of AI by human labor

The best way to deal with unemployment caused by artificial intelligence displacing people from the labor market would be direct financial support from the US government. This was announced on April 17 by American entrepreneur Elon Musk.

"AI and robotics will produce goods and services in a volume significantly exceeding the growth of the money supply, so there will be no inflation," Musk wrote on the social network X (ex. Twitter).

In his opinion, such a measure would ensure "universal high income" for citizens.

Risky merger: why Musk combines his structures into a megacompany

The $1 trillion deal will provide a good IPO exit.

On April 2, Bloomberg reported staff cuts at IT companies in the United States due to the introduction of AI. It is noted that technology companies such as Meta (an extremist organization whose activities are banned in the Russian Federation), Oracle Corp. and Block Inc., are cutting staff as resources are redirected to investing in AI.