Home » Business » -title Elon Musk’s Optimus Robot: Revolutionizing Economy and Jobs

-title Elon Musk’s Optimus Robot: Revolutionizing Economy and Jobs

by Priya Shah – Business Editor

Tesla’s Optimus Robot: ‌Elon Musk ⁢Predicts a Post-Poverty Future

Tesla CEO⁢ elon Musk believes his company’s humanoid robot, Optimus, will spark an economic⁤ revolution capable of eradicating⁢ poverty and ushering⁣ in an era of widespread high income. The bold claim came during Tesla’s recent shareholder meeting,where investors⁢ also approved a possibly trillion-dollar compensation package‌ for Musk – one of⁣ the​ largest in corporate history.

Musk stated that Optimus is the only path ‍to ⁢achieving universal prosperity, predicting the robot will dramatically ⁣increase global productivity. He ‌estimates‍ Optimus could multiply the size of the global economy by 10 ‍to 100 times, working 24/7 and achieving⁤ five times the annual output of ⁤a ‌human worker.

Originally ⁢unveiled as ⁤the “Tesla Bot” in‌ 2021 and now ‍in its “Optimus⁢ Gen2” iteration, ⁤the robot has demonstrated increasingly elegant capabilities. Recent demonstrations⁤ showcased its improved speed (30% ⁣faster walking) and dexterity,⁣ including tasks ‍like ⁢squatting and delicately handling ⁣eggs.‍ Public ​appearances have included‍ handing out‍ Halloween candy, performing kung fu with‍ actor Jared Leto, and even⁤ dancing on stage.

Musk envisions a future where work becomes “optional,” akin⁤ to a hobby like gardening, as AI and robots ⁤automate all jobs. He even proposed unconventional applications, such‌ as using robots ‍to monitor individuals and ​prevent crime,⁤ potentially replacing traditional ⁤imprisonment.

He anticipates Optimus will‌ ultimately contribute 80% of Tesla’s future value, potentially increasing ‌the company’s market capitalization ​to $25 trillion. Tesla plans to deploy thousands of Optimus robots within its own factories this⁣ year,scaling up to millions by 2030,with ​a target production‍ of one million units​ annually. The robot is‌ projected⁢ to be‍ sold​ for between $20,000 and $30,000.

Despite‍ his enterprising vision, Musk acknowledges challenges. Production is currently‍ impacted​ by‍ Chinese export restrictions on⁢ rare metals, prompting Tesla to seek ‍alternative sourcing. Some robotics experts, including former Tesla employees, question ⁣the efficiency of a human-shaped robot for ⁤industrial tasks, favoring designs optimized for ⁣repetitive motions.

in a‌ surprising⁣ conclusion, Musk believes the capitalist development of ​AI and ‌robotics, if steered correctly, will ultimately lead to a “kind of communist utopia.” ⁢Acknowledging his “pathologically overly optimistic” outlook, he maintains that this future is closer than many realise.

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