Billionaire entrepreneur Elon Musk has predicted that money could become irrelevant by 2036 as artificial intelligence and robots become capable of producing more goods and services than humans could ever consume.
Speaking during an interview with The Economist, Musk declared, “Money won’t matter in 2036.”
When interviewer Zanny Minton Beddoes questioned the prediction, Musk explained, “What do you want money for? You want money for goods and services, right? You want money for obviously food, housing, transport, entertainment.”
He argued that once AI and robots make those essentials abundantly available, “If the robots and AI are providing more goods and services than any human could possibly consume, what do you need money for in that case?”
