Elon Musk says the US economy is on the cusp of a much faster growth phase, noting that applied artificial intelligence will drive a sharp acceleration beyond current trends.
Data from the U.S. Bureau of Economic Analysis shows that real gross domestic product increased at an annual rate of 4.3% in the third quarter of 2025, exceeding economists’ expectations of 3.2%, with consumer spending rising 3.5% after a 2.5% gain in the prior quarter.
Musk says the backdrop is an early signal of what he believes is coming next as AI becomes more widely applied across the economy.
“Double-digit growth is coming within 12 to 18 months.”
He ties that outlook directly to the economic impact of applied intelligence, suggesting that AI adoption should be viewed as a proxy for overall growth.
“If applied, intelligence is a proxy for economic growth, which it should be; triple-digit [growth] is possible in ~5 years.”
Musk also believes that Grok creator xAI is poised to surpass all of its competitors in terms of compute capacity.
“xAI will have more AI compute than everyone else combined in <5 years.”
Last month, Musk said he expects Tesla to produce more chips than the rest of the industry combined.
“We expect to build chips at higher volumes ultimately than all other AI chips combined. Read that sentence again, as I’m not kidding.”
The tech titan is heavily betting on AI and robotics as he believes the technologies will usher in an age of prosperity for humanity.
“The future is going to be AMAZING with AI and robots enabling sustainable ABUNDANCE for all!”
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