Tesla CEO Elon Musk has made a bold prediction about the future of the economy, saying that money could lose its importance by 2036. According to Musk, the rapid development of artificial intelligence and humanoid robots could fundamentally change the way society and the economy function. “What do you need money for?
You need it for goods and services: food, shelter, transportation and entertainment,” Musk said, arguing that if robots and artificial intelligence systems manage to produce more goods and services than humans can consume, then the need for money could be significantly reduced. Musk has repeatedly stated that robots and AI will play a major role in the future.
He believes that autonomous cars and humanoid robots could perform a large portion of manual and industrial work, significantly increasing global production. However, economic and technology experts have different views on this scenario.
Many of them point out that even in a world with high automation, issues such as the distribution of wealth, ownership of technology and how people will access resources will remain.
Musk’s statement has reopened the debate over the long-term impact of artificial intelligence and whether technological progress can bring about an economy where the traditional role of money changes. /Telegraph