Musk predicts again: superintelligence will bring super abundance, making it meaningless to save for the future
Musk posted on X that with superintelligence ushering in an era of extreme material abundance, it is meaningless to save money for the distant future. He previously suggested on a podcast that there is no need to save for retirement 10 or 20 years from now, and predicted that advances in AI, energy, and robotics will bring abundant resources, allowing everyone to have everything they want. He also proposed that the government issue subsidies to all citizens to cope with job losses caused by AI.
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American tech billionaire Elon Musk said that long-term saving is not worthwhile, because the money that is saved up will eventually become worthless.
Musk wrote on social platform X on Thursday local time: "With the era of material abundance brought by superintelligence arriving, saving for the distant future is meaningless." This is him once again reiterating one of his highly controversial predictions.
The Tesla and SpaceX CEO was replying to a netizen. The netizen said he no longer worries about those "questionable financial maneuvers," because a future of material abundance means "in a few more years, most of this money will not matter anyway."
As the world's richest person, Musk had previously suggested that there is no need to save for life decades in the future.
"Don't worry about saving money for retirement in 10 or 20 years," Musk said in a podcast episode released in January. "It doesn't matter at all."
"If the things we are talking about come true, then saving for retirement is meaningless," he added.
Musk said at the time that he expected advances in artificial intelligence, energy and robotics to greatly boost productivity, thereby bringing abundant resources and allowing "everyone to obtain whatever they want, as they wish."
He then said that in that world, everyone would be able to enjoy "better medical care than anyone can get today"; there would be "no shortage of goods and services"; and "you can learn any knowledge you want to know for free."
In a recent podcast episode, Musk painted an even more utopian vision. He predicted that with advances in robotics and space travel, humanity will move into an era of a "multi-planetary economy"; by then, "money will become meaningless," and "traditional currency will no longer matter."
Several other tech leaders have also predicted that artificial intelligence and other technologies will completely change the way we live.
Microsoft co-founder Bill Gates said in a recent podcast that artificial intelligence will bring "true abundance," when robots will be able to "build houses, grow food, and even perform surgery."
But he also warned that the next two decades will become "one of the most turbulent periods in human history"; as technology advances, the value that human labor can provide in producing most goods and services will become unnecessary.
Likewise, Musk also predicted that the transition to a better future will be "bumpy." He proposed that government-issued subsidies to all citizens are the best solution to the job losses caused by artificial intelligence. news_keyword_pub,usstock,MSFT&TSLA&TAL Account opening QR code start
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