Elon Musk has stated that money will lose its significance in the coming decades due to the advancement of artificial intelligence and robotics. According to him, labor will not be mandatory within 10-20 years, and work will become more of a choice than a necessity for people.
The editorial reports that Musk called this model "universal high income," stating that artificial intelligence and robots will produce all basic needs, including food, housing, healthcare, and services, in abundance and at low cost. He emphasized that he gives an 80 percent probability to this scenario and has told investors that saving will be meaningless in the future.
In the billionaire's opinion, this approach is close to the model of a society described in science fiction where production is fully automated. However, Musk also admitted that serious questions arise about how the meaning of life will be formed if artificial intelligence surpasses humans in every field.
The importance of the issue lies in the fact that Musk leads companies that develop both artificial intelligence and humanoid robots, and he is one of the direct creators of the technologies he predicts. His statements have further intensified global discussions about the economic model, energy supply, the application of robots in the real world, and who will own the means of production.