Elon Musk says money will be 'irrelevant' if his vision of a multiplanetary future comes true
Elon Musk predicts that advancements in AI and robotics will eventually make traditional currency irrelevant, leading to a post-money economy. He suggests that human purpose will shift toward creative and personal pursuits as machines handle labor.
Why it matters
Musk's vision highlights the extreme technological optimism prevalent in Silicon Valley regarding the future of labor and wealth.
Elon Musk says his descendants might have a "tiny fraction" of his wealth. Jae C. Hong/AP Elon Musk says "money becomes irrelevant" if he's right about what the future holds. The Tesla and SpaceX CEO said AI and robots will be better than humans at everything. The world's richest man said his fortune could be virtually gone within a few generations. Elon Musk says money could be meaningless one day, and the vast majority of his wealth will likely be gone within a few generations. The world's richest person predicted that advances in robotics and space travel will create a multiplanetary economy, at which point "money becomes irrelevant" and "conventional currency will not matter." Value will be measured in mass and power or energy, he continued. "So that's my guess," he said, adding that it seemed a "pretty obvious" outcome to him.
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