Musk Says Long-Term Saving Is Pointless in an AI-Driven Future

Business · First reported 29 Oct, 09:58 · Updated 21:58

Image: Wikimedia Commons · NASA Johnson Space Center · Public domain

Elon Musk wrote on X that saving for the distant future is pointless amid what he called “super intelligent abundance.” He has also described AI and robots producing abundant goods and services, and previously proposed government payments as a response to AI-related unemployment.

Musk posted on X that saving money for the distant future is pointless in a future of AI-driven abundance.
He has argued that AI and robots could produce goods and services at a scale that pushes prices toward zero and makes money less relevant.
Musk has also proposed federal payments he calls “Universal HIGH INCOME” to address unemployment caused by AI and robotics.

Summary written by Lux AI from 2 articles

Key facts

Platform: Musk made the statement in a post on X.
Claim: He said saving for the distant future is pointless in an AI-driven abundance.
Related proposal: Musk has advocated federal checks under a system he calls “Universal HIGH INCOME.”