Financial News
Elon Musk expects AI will replace all human jobs, lead to 'universal high income'
Billionaire entrepreneur Elon Musk reiterated his stance this week that artificial intelligence will eventually eliminate the need for humans to work, giving his vision for how the future will look as the technology continues to rapidly advance.
During his remote appearance at the Viva Technology conference in Paris on Thursday, Musk was asked whether he was concerned about losing his job to AI, and what he would do if that were to happen.
Musk holds several roles as the CEO of Tesla, and founder of xAI, SpaceX and Neuralink, as well as the owner of social media platform X.
"In a benign scenario, probably none of us will have a job," Musk replied. "There will be universal high income — and not universal basic income — universal high income. There'll be no shortage of goods or services."
TESLA CEO ELON MUSK SAYS HE OPPOSED EV TAX INCENTIVES, TARIFFS ON CHINESE EVS
The tech mogul said that in his opinion, there is an 80% chance that AI advances will result in such a situation where humans will not need a job and will have all they need.
"The question will really be one of meaning, of how — if a computer can do, and the robots can do everything better than you … does your life have meaning?" Musk said. "That really will be the question in that benign scenario, and in the negative scenario, all bets are off where we're in deep trouble."
AI IS LIKE A ‘TSUNAMI’ HITTING THE LABOR FORCE, IMF CHIEF SAYS
Musk has predicted before that AI will eventually become so advanced it will eliminate the need for humans to work.
"I think we are seeing the most disruptive force in history here," Musk said of AI during a sit-down with U.K. Prime Minister Rishi Sunak at the inaugural AI Safety Summit in London last fall.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
"It's hard to say exactly what that moment is, but there will come a point where no job is needed," the tech billionaire said. "You can have a job if you want to have a job — sort of personal satisfaction — but the AI will be able to do everything,"
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.