May 25, 2024 12:44 PM | 2 min read
27% gain every 20 days?
This is what Nick Shine does on average with his options buying. Instead of selling covered calls or spreads, he buys options. Most traders don't even win 27% of their options buying. He wins 83%. This is how he does it.
Billionaire Entrepreneur Elon Musk He states that artificial intelligence will eventually eliminate the need for human labor.
what happenedDuring a remote appearance at a conference in Paris on Thursday, Musk was asked about the possibility of AI taking over jobs, Fox Business reported. “In a benign scenario, probably nobody would lose their job. We'll have universal high income. Not universal basic income, but universal high income. There will be no shortages of goods and services,” he said.
Musk further elaborated that there's an 80% chance that advances in AI will lead to a future where humans no longer need to work and all of life's necessities are met.
He also stressed that when AI and robots become better at doing jobs than humans, the real question will be about the meaning of life.
Musk has previously said that AI could become so advanced that it could eliminate the need for human labor.
Also read: Elon Musk explains why Americans are more ambitious than Europeans in an interesting post
In a discussion with the British Prime Minister Rishi Sunak “It's hard to say exactly when that moment will be, but there will come a moment when you no longer need a job,” Musk said at the AI Safety Summit in London last fall.
Why is this important: Musk's statement was, Sam Altman The OpenAI lawsuit has attracted a lot of attention and highlighted the fierce competition in the AI field.
Musk's vision of an AI-dominated future coincides with his recent tech ventures, such as the launch of “Grok,” a new AI chatbot that aims to challenge the AI models of industry giants. Alphabet Inc. (NASDAQ:GOOGL) and Meta Platforms, Inc. (NASDAQ:META).
The introduction of Grok underscores Musk's commitment to advancing AI technology. The chatbot has already shown promise, challenging existing AI models and setting new standards in the industry.
NOW READ: Days after facing lawsuit over drug use, Musk says he'd take cocaine if it would increase his “long-term productivity”
This content was produced with the cooperation of: Benzinga Neuro It has been reviewed and published by Benzinga editors.
Photo: Shutterstock
27% gain every 20 days?
This is what Nick Shine does on average with his options buying. Instead of selling covered calls or spreads, he buys options. Most traders don't even win 27% of their options buying. He wins 83%. This is how he does it.
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