Musk predicts AI and robots could make conventional money irrelevant

Elon Musk has outlined a future in which artificial intelligence and robotics make conventional money increasingly irrelevant, Adnkronos reported on October 22. His remarks came in a conversation with biographer Walter Isaacson for “The Builders”. The agency specifies that the interview was recorded in early August and published on October 20, distinguishing the source conversation from its own publication date.

Musk’s argument is a prediction, not an announced change to any monetary system. He imagines a multiplanetary economy in which value is measured through physical resources, mass, power or energy. He also argues that artificial intelligence and robots could eventually outperform people across human activities, allowing individuals to devote more time to personal interests and creativity.

Adnkronos contrasts that vision with Musk’s explanation that his own wealth is largely tied to company shareholdings and maintaining control. He also envisages his descendants eventually holding only a small fraction of his current fortune. Our view: the interesting tension is between a prediction of money’s declining importance and the continuing importance of ownership.

Source: "I soldi non serviranno più a nulla": Elon Musk e la profezia choc su robot e Ai — Adnkronos (Italian)