{"id":149121,"date":"2025-11-19T23:41:10","date_gmt":"2025-11-19T23:41:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/149121\/"},"modified":"2025-11-19T23:41:10","modified_gmt":"2025-11-19T23:41:10","slug":"elon-musk-says-ai-and-robotics-will-make-money-irrelevant","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/149121\/","title":{"rendered":"Elon Musk Says AI and Robotics Will Make Money &#8216;Irrelevant&#8217;"},"content":{"rendered":"<p>In Elon Musk&#8217;s future, we won&#8217;t need jobs or money, and there will be no poverty.<\/p>\n<p>At the <a target=\"_self\" href=\"https:\/\/www.businessinsider.com\/trump-saudi-arabia-investment-conference-business-tech-leaders-2025-5\" data-track-click=\"{&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;tout_click&quot;,&quot;index&quot;:&quot;bi_value_unassigned&quot;,&quot;product_field&quot;:&quot;bi_value_unassigned&quot;}\" rel=\"nofollow noopener\">U.S.-Saudi Investment Forum<\/a> on Monday, where Musk sat on a panel with Nvidia CEO Jensen Huang, Musk said that money would &#8220;stop being relevant&#8221; thanks to AI.<\/p>\n<p>&#8220;There will still be constraints on power like electricity and mass,&#8221; Musk said. &#8220;But I think at some point currency becomes irrelevant.&#8221;<\/p>\n<p>He linked it to the books of science fiction author <a target=\"_self\" class=\"\" href=\"https:\/\/www.businessinsider.com\/elon-musk-names-drone-ships-for-iain-m-banks-2015-2\" data-track-click=\"{&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;tout_click&quot;,&quot;index&quot;:&quot;bi_value_unassigned&quot;,&quot;product_field&quot;:&quot;bi_value_unassigned&quot;}\" rel=\"nofollow noopener\">Iain Banks<\/a>, who wrote the Culture series between 1987 and 2012. Those books help &#8220;get a sense for what a probable positive AI future is like,&#8221; he said.<\/p>\n<p>Musk also mentioned the end of work itself, saying that it will be &#8220;optional,&#8221; like &#8220;playing sports or a video game.&#8221;<\/p>\n<p>He compared the future of work to gardening. &#8220;It&#8217;s much harder to grow vegetables in your backyard, but some people still do it because they like growing vegetables,&#8221; he said.&#8221;That will be what work is like: optional.&#8221;<\/p>\n<p>Over the past few months, Musk has shared his vision for a future with AI. That includes <a target=\"_self\" href=\"https:\/\/www.businessinsider.com\/elon-musk-says-optimus-eliminate-poverty-2025-11\" data-track-click=\"{&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;tout_click&quot;,&quot;index&quot;:&quot;bi_value_unassigned&quot;,&quot;product_field&quot;:&quot;bi_value_unassigned&quot;}\" rel=\"nofollow noopener\">ending poverty<\/a>, something he described at a recent investor meeting.<\/p>\n<p>&#8220;People often talk about eliminating poverty, giving everyone amazing medical care,&#8221; Musk said at the shareholder event earlier this month. &#8220;There&#8217;s actually only one way to do that, and that&#8217;s with the Optimus robot.&#8221;<\/p>\n<p>When AI and robotics, like Tesla&#8217;s Optimus, eliminate all work and money, the government should hand out a universal income, Musk told <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=O4wBUysNe2k\" data-track-click=\"{&quot;click_type&quot;:&quot;other&quot;,&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;outbound_click&quot;}\" rel=\" nofollow noopener\">Joe Rogan<\/a> in October.<\/p>\n<p>That income shouldn&#8217;t just be a <a target=\"_self\" class=\"\" href=\"https:\/\/www.businessinsider.com\/universal-basic-income-ubi\" data-track-click=\"{&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;tout_click&quot;,&quot;index&quot;:&quot;bi_value_unassigned&quot;,&quot;product_field&quot;:&quot;bi_value_unassigned&quot;}\" rel=\"nofollow noopener\">universal basic income<\/a> \u2014\u00a0it should be a universal high income, he said.<\/p>\n<p>&#8220;We&#8217;ll have, in a benign scenario, universal high income,&#8221; Musk said. &#8220;Anyone can have any products or services that they want. But there will be a lot of trauma and disruption along the way.&#8221;<\/p>\n<p>After describing the future irrelevance of money at the U.S.-Saudi Investment Forum, Musk ribbed his panelmate, Nvidia&#8217;s Huang.<\/p>\n<p>&#8220;By the way, the Nvidia earnings call is today,&#8221; Musk said. Nvidia will report its third-quarter earnings <a target=\"_self\" class=\"\" href=\"https:\/\/www.businessinsider.com\/nvidia-q3-earnings-live-updates-nvda-stock-price-ai-chips-2025-11#nvidias-deep-technology-partnership-with-anthropic\" data-track-click=\"{&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;tout_click&quot;,&quot;index&quot;:&quot;bi_value_unassigned&quot;,&quot;product_field&quot;:&quot;bi_value_unassigned&quot;}\" rel=\"nofollow noopener\">after the closing bell<\/a>.<\/p>\n<p>&#8220;Since currency is irrelevant\u2026,&#8221; Huang said.<\/p>\n<p>&#8220;Cheers,&#8221; Musk said. The CEOs clinked their bottles of Acqua Panna.<\/p>\n","protected":false},"excerpt":{"rendered":"In Elon Musk&#8217;s future, we won&#8217;t need jobs or money, and there will be no poverty. At the&hellip;\n","protected":false},"author":2,"featured_media":149122,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,218,219,61,60,80],"class_list":{"0":"post-149121","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-ie","12":"tag-ireland","13":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/149121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=149121"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/149121\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/149122"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=149121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=149121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=149121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}