The value of money will end, Elon Musk said – now AI will not stop

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Key points generated by AI, verified by newsroom

  • Elon Musk said the development of AI is impossible to stop now.
  • He said that people should enjoy the changes of this technology.
  • Musk’s prediction: AI will eliminate the value of money in the next decade.

Elon Musk On AI: American businessman and world’s first billionaire Elon Musk has said that now the pace of AI is not going to stop and people should enjoy it. Musk said that despite the increasing concern over the dangers of AI, it has now become impossible to stop the development in this technology. The way it is changing the industry and society, people should enjoy it. He also said that AI will change the global economy to such an extent that money will have no value in the next decade.

Musk said- Now it is not easy to stop AI

Musk has acknowledged the potential dangers of advanced AI systems and robotics, but he says that this perception has also changed with time. Now the development of AI has reached this stage where it is no longer possible for any person or company to stop or slow it down. On the increasing competition among companies regarding advanced AI systems, Musk said that this industry is now moving in only one direction and that is faster progress. Now people can worry about it or accept that it is going to be an important part of our future.

Money will have no value in the next decade- Musk

Musk has also expressed his predictions regarding technology and society. He believes that AI will change the entire world economy and money will not matter for the next decade. Musk has given such statements earlier also. In June he had said that the future belongs to AI and robots. In the future, machines will become so productive that the thinking regarding work, income and money will completely change. We will have universal high income. AI and robots will do so much work and provide services that it will be enough for humans. For this reason, there will come a time in the future when money will lose its importance. He believes that AI system will not need any currency like dollar. These systems will think about power, wattage and tons etc.

Musk is the world’s first trillionaire

Elon Musk became the world’s first trillionaire last month. Till date in human history no person has been able to become as rich as him. The largest part of his wealth comes from his stake in SpaceX. His stake in this is about 866 billion dollars. Apart from this, he also has a major stake in Tesla, X (formerly Twitter), Neuralink and The Boring Company.

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