Tesla CEO Elon Musk has warned that AI technology could make work optional in 10 to 20 years, but there is still much work to do before then.
millionaire Elon Musk He said Wednesday that President Trump's new account, which is scheduled to begin next year, is a good gesture, but he doesn't think the savings will be necessary because “universal high income” will prevail in the future.
Musk responded to a post by investor Ray Dalio, announcing that he would follow Michael and Susan Dell in donating funds to help set up a so-called Trump account. The Trump Account is a new savings and investment account created by the One Big Beautiful Bill Act for newborns and young Americans.
“This is certainly a good attitude from the Dells, but in the future there will be no poverty so there is no need to save money,” Musk wrote in a post on his social media platform “There will be universal high income.”
Musk has stated several times: Artificial intelligence (AI) And robotics will eliminate poverty and the need for work, creating universal levels of wealth.
Musk says AI and robots are 'only' capable of solving America's massive debt crisis
Tesla CEO Elon Musk said he believes AI and robotics will lead to “universal high incomes” that negate the need to work. (Stephanie Reynolds/Bloomberg via Getty Images)
Speaking at the Viva Technology conference in Paris in May 2024, Tesla's CEO, in response to a question about whether he was worried about losing jobs to AI, explained that he believes the most likely outcome is: AI and robotics You won't have to work.
“In a benign scenario, none of us would probably lose our jobs,” Musk said. “There will be a universal high income. There will be a universal high income, not a universal basic income. There will be no shortage of goods and services.”
Musk predicts that money will become meaningless in the future due to advances in AI and robot technology
Musk believes that AI and robotics will eventually make jobs more optional and more like hobbies. (St. Petersburg)
Musk said at the time that he thought there was an 80% chance that AI would cause a situation like this: humans no longer need work We have everything you need.
“The question is really going to be a question of meaning and how. If computers are created and robots can do everything better than you…does your life have meaning? That's really going to matter in that benign scenario, and in the negative scenario, if we're in deep trouble, all bets are off,” Musk said.
Elon Musk expects AI to replace all human jobs and lead to 'universal high incomes'
Musk sees AI and robotics as a potential solution to the US debt crisis. (Gonzalo Fuentes/Reuters)
He also said that in the long run, he believes that “the work someone does will become optional,” and that work will essentially function like a hobby.
“If you want to do something like a hobby, you can do it, but if you don't, AI and robots will provide you with all the goods and services you want,” Musk added.
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Musk has also made other bold predictions related to the transformative nature of AI and robotics, including a prediction in November that widespread deployment of AI and robotics is the only thing that can solve the problem. us debt crisis “Money will have no meaning in the future.”
