Elon Musk says technological advances could reduce the importance of money within about a decade. In an interview with The Economist, the Tesla and SpaceX CEO states that by 2036 AI and robots may provide more goods and services than humans can consume, raising the question of what people would need money for. When asked how people would live if many jobs are taken over by AI, Musk replies that people may rely on a “universal high income.” He also argues there is a possibility China will lead in AI if it has enough computing power, pointing to Chinese companies’ progress even with limited compute. The sources also note Musk’s comments about his own political involvement. He says he got “a little too involved in politics” and “got carried away,” referencing his role around the 2024 U.S. election that led to Donald Trump winning. After Trump’s re-election, Musk was appointed as a senior advisor and co-head of the Department of Government Efficiency (DOGE), which the reports say stopped operating on July 4, 2026. Musk describes DOGE’s aim as promoting sensible spending and preventing fraud, while saying he received criticism over his involvement.
Elon Musk says AI and robots may make money less important by 2036
Elon Musk says technological advances could reduce the importance of money within about a decade. In an interview with The Economist, the Tesla and SpaceX CEO states that by 2036 AI and robots may pro...
- Musk tells The Economist that money may be less important by 2036.
- He argues AI and robots could deliver many goods and services, potentially reducing the need for money.
- He says job displacement by AI could be met with a “universal high income.”
- Musk suggests China could dominate AI if it gains access to sufficient computing power.
- The reports say Musk served as a senior advisor and co-head of DOGE, which reportedly ended on July 4, 2026.
The world’s richest man, Elon Musk, has forecast that money will be insignificant in a decade due to evolving powerful technological innovations. “Money won’t matter in 2036,” Musk told The Economist in an interview, saying Artificial intelligence and robots are increasingly doing the work. “If robots and AI are providing more goods and services than any human could consume, what do you need money for in that case?” he queried. Asked his opinion on how people will live after losing their jobs to AI in 10 years, the Tesla and SpaceX CEO replied, “Universal high income.” He believes there’s a good chance that China will dominate AI when it has a lot of compute, noting that Chinese companies are doing well even with a small amount of compute. Musk, however, admitted he got “a little too involved in politics” and “got carried away,” referencing his participation in the 2024 United States election won by President Donald Trump. Days after his re-election, Trump appointed 55-year-old Musk as a senior advisor and co-head of the Department of Government Efficiency, which ceased operation on July 4, 2026. Musk reiterated that the goal of DOGE was to ensure money is spent in sensible ways and not expended on fraudulent activities. “I got a lot of flak from this,” the billionaire said.
7 hours agoThe world’s richest man, Elon Musk, has forecast that money will be insignificant in a decade due to evolving powerful technological innovations. “Money won’t matter in 2036,” Musk told The Economist in an interview, saying Artificial intelligence and robots are increasingly doing the work. “If robots and AI are providing more goods and services than […] Elon Musk predicts money won’t matter from 2036
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