Elon Musk, the CEO of Tesla, SpaceX, and DOGE, has once again stunned the markets! He now claims that artificial intelligence (AI) is capable of replacing certain employees. Moreover, the billionaire believes that AI could eventually take over a number of government functions. It is a striking statement coming from someone who has recently warned that AI poses a threat to humanity and should not be relied on.
Previously, Musk expressed skepticism about the efficiency of the US government. He did so during a closed-door session at the Milken Institute Global Conference. According to Bloomberg, during a conversation with financier Michael Milken, the Tesla and SpaceX chief discussed AI’s potential to carry out tasks currently performed by civil servants. This aligns with his work in the Department of Government Efficiency (DOGE), where he oversees initiatives aimed at reducing federal spending and workforce size.
It was recently reported that over 15,000 employees of the US Department of Agriculture have left the agency after receiving financial compensation. That accounts for nearly 15% of the department’s total staff, experts note. Current efforts by President Donald Trump’s administration, in collaboration with Musk, aim to streamline federal operations and cut expenditures. These efforts are progressing with varying degrees of success.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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