Huang and Musk Estimate AI's Economic Output, Stress Energy Supply

On September 29, 2026, NVIDIA CEO Jensen Huang and Elon Musk, who leads Tesla and SpaceX, appeared together at a technology event at Memorial Hall in Washington, D.C., where they estimated the potential economic output of AI computing.

The two suggested that a 1% increase in electricity consumption could correspond to a 1% rise in GDP, and emphasized the importance of adequate energy and power supply for the continued development of AI. They noted that the rapid growth of AI computing would drive significant electricity demand, making energy availability a key factor in the pace of AI industry expansion.