In a CNBC debate, venture capitalist Joe Lonsdale stated that AI technology will significantly boost productivity and can solve government deficit problems by increasing productivity to 3-5%. He believes AI has immense potential to eradicate government fraud, reduce healthcare costs, and promote manufacturing reshoring. CNBC host Joe Kernen questioned this, arguing that wealth growth has historically been concentrated among the rich. Lonsdale countered that historical industrial revolutions also led to widespread wealth growth. He added that he is not concerned about the near-term existential risks of AI, but businesses have a responsibility to slow down and be accountable for any damage caused.