After Losing An Average Of $16.3 Billion A Day For Over A Month, Elon Musk Says “Money Won’t Matter in 2036”
Musk said advances in AI, energy and robotics will make work optional and drive a universal high income, even as his net worth fell $488 billion.
- Elon Musk reiterated his forecast that physical currency will become irrelevant by 2036, driven by AI and robotics rendering goods so abundant that traditional financial systems cease to matter.
- Musk frames the coming decade as an age of abundance, predicting AI will "exceed the sum of human intelligence in about five years" and suggesting the Treasury issue "universal high income" checks.
- MIT professor Daron Acemoglu challenged Musk to donate his "approximately $1 trillion" wealth to charity by 2036, arguing doing so would "establish with great credibility" his belief in the powers of technology.
- Musk's net worth has fallen by an average of $16.3 billion daily over the past month; SpaceX shares slid 45% post-IPO while Tesla's free cash flow flipped to negative $1.09 billion.
- Business Insider found widespread public disbelief in Musk's post-money vision, a sentiment coinciding with broader Silicon Valley debates regarding the technological singularity where artificial systems permanently surpass human control.
14 Articles
14 Articles
'Donate your $1 trillion fortune by 2036': Nobel economist challenges Elon Musk after his 'money won't matter' prediction
Nobel laureate Daron Acemoglu challenged Elon Musk to donate his fortune by 2036. Musk responded positively, suggesting he may consider a major philanthropic move. His past giving has focused on science, education, and technology initiatives. Donating such a vast sum presents practical challenges regarding asset transfer and oversight. This potential commitment marks a notable shift in his philanthropic approach.
The richest man in the world predicts that AI will make work optional and money irrelevant.
By mid-June, the aerospace company had managed to become the fifth most valuable company in the world, with a market cap of $2.65 billion.
"Money won't matter in 2036" Elon Musk predicts
Billionaire entrepreneur Elon Musk believes physical currency and traditional financial systems will cease to matter by 2036, driven by a boom of automated productivity and synthetic intelligence. Speaking during a recent podcast appearance, Musk outlined a scenario where advanced robotics and artificial intelligence supply far more goods and services than human society can consume, creating widespread material abundance. “Money won’t matter in …
After Musk's 'money won’t matter in 2036' remark, Nobel economist asks him to 'donate $1 trillion to charity then'
Elon Musk's comments have resurfaced after Nobel Prize-winning economist Acemoglu publicly challenged him over his views on artificial intelligence and wealth.
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