Elon Musk: AI Robotics Will Render Money Obsolete
Elon Musk recently shared his bold vision for the future at the U.S.-Saudi Investment Forum. He suggested that advancements in AI and robotics will render money obsolete and eliminate the need for traditional jobs. Musk was accompanied by Jensen Huang, the CEO of Nvidia, during a panel discussion focused on innovation and technology.
Elon Musk’s Vision for a Jobless Future
Musk believes that as AI evolves, money will no longer hold significance. He referenced the influential works of science fiction author Iain Banks, particularly the Culture series, as a framework for understanding a future with advanced artificial intelligence. “Currency becomes irrelevant,” Musk stated, emphasizing that certain resources like electricity will still maintain their value.
The Optional Nature of Work
Musk envisions a world where work becomes optional, akin to hobbies such as sports or gardening. “Some people enjoy growing vegetables in their backyard despite the challenges,” he explained. “This optionality could define the future of work.” Musk suggests that in this future, people may engage in work purely for enjoyment, rather than necessity.
Ending Poverty with Optimus
In his discussions, Musk has repeatedly addressed the need to eradicate poverty. He identified Tesla’s Optimus robot as a pivotal tool in achieving this goal. “The only way to eliminate poverty and provide comprehensive medical care is through automation,” he stated during a shareholder meeting earlier this month.
Universal High Income Concept
Musk advocates for the implementation of a universal high income as AI and robotics take over labor. During an interview with Joe Rogan, he reiterated, “We should not settle for mere basic income; a universal high income would ensure that everyone can access products and services.” He acknowledged that transitioning to this new system will likely involve significant challenges and disruptions.
Panel Discussion Highlights
- Musk indicated that money might soon lose its relevance.
- He compared future jobs to hobbies, making their pursuit optional.
- The Optimus robot is central to ending poverty and ensuring healthcare access.
- Musk emphasized the need for a universal high income to support citizens.
As the conversation unfolded, Musk playfully engaged with Huang, noting the timing of Nvidia’s earnings report. This humorous moment underscored the unique intersection of technology and finance in the evolving societal landscape Musk envisions.
