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Musk at U.S.–Saudi Forum: AI Could Make Work Optional in 10–20 Years, Money Irrelevant

Reporters noted the claims are aspirational with no proof that technology alone can erase poverty.

Overview

  • Speaking on a panel with Nvidia CEO Jensen Huang, Musk said AI and humanoid robots could end poverty and make paid work a choice.
  • He predicted currencies would lose relevance over time, framing future labor as a hobby-like activity rather than a necessity.
  • Musk said Tesla aims to pioneer humanoid robots but expects many companies to build them, pointing to Optimus as his envisioned path.
  • He has previously called for a government-provided universal high income to support people in a post-work economy.
  • Coverage highlighted that studies find AI can aid poverty reduction, yet there is no evidence it can by itself eliminate poverty.