Musk predicts AI will create 'universal high income' and make saving money unnecessary [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
money will be necessary with "universal high income" set to prevail in the future. Musk replied to a post by investor Ray Dalio, who announced he was following Michael and Susan Dell in donating funds to help seed so-called Trump accounts, which are new savings and investment accounts created by the One Big Beautiful Bill Act for newborns and young Americans. "It is certainly a nice gesture of the Dells, but there will be no poverty in the future and so no need to save money," Musk wrote in a post on X, his social media platform. "There will be universal high income." Musk has said on several occasions that he thinks artificial intelligence (AI) and robotics will eliminate poverty and the need to work, creating a universal level of wealth. Musk Says Ai And Robotics Are 'Only' Things That Can Solve Massive Us Debt Crisis The Tesla CEO spoke at the Viva Technology conference in Paris in May 2024, where he explained in a response to a question about whether he's concerned about
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