Tesla and SpaceX CEO Elon Musk said on Tuesday that the world is facing an "electricity crisis" during a virtual G20 innovation event. According to Sina Finance, he said there could be a 15-gigawatt power shortfall in the AI chip sector next year and called on other countries to build data centers for AI companies that are highly hungry for computing power.
In a brief online interview with Michael Kratsios, head of the White House Office of Science and Technology Policy, Musk predicted that artificial intelligence will drive global economic growth of 20% to 30% a year. He also said that 1 billion humanoid robots will be in use over the next 10 years, including models Tesla is developing, and that their production efficiency will reach five times that of humans.
Kratsios said in his opening remarks that the event aimed to build consensus around the Carolina Principles, which encourage companies to invest in frontier technologies while adopting moderate regulation. After Musk's remarks, former White House AI official David Sacks criticized the idea of creating a U.S. version of an "AI FDA" that would require companies to obtain approval before releasing new AI models to the public.
Earlier reports said a draft executive order inside the Trump administration aimed at creating an industry self-regulatory body for AI companies had stalled. Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman are expected to speak on Wednesday, the second day of the event.