Submission + - World's Richest Man Says Don't Bother Saving for Retirement (gizmodo.com) 4
echo123 writes: "We're in the singularity. We're at the top of the roller coaster, and it's about to go down."
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Elon Musk, who just went to court to fight for a $139 billion compensation package despite already being worth an estimated $700 billion, says you shouldn’t worry your pretty little head about saving your own money. In an appearance on the podcast Moonshots with Peter Diamandis, the world’s richest man told listeners, “One side recommendation I have is: Don’t worry about squirreling money away for retirement in 10 or 20 years. It won’t matter.”
Musk’s theory is basically that AI will become so capable that it’ll drop the cost of everything so much that money won’t really matter. Everyone will have “universal high income.” Diamandis, arguably best known in recent years as the guy who hosted a $30,000 per seat event in the middle of the covid-19 pandemic that resulted in the majority of attendees getting infected, hopped on the hype train, too, explaining that he believes that AI will ultimately lead to “basically demonetizing everything” because “the cost of labor has gone to nothing, the cost of intelligence has gone to nothing.”
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Elon Musk, who just went to court to fight for a $139 billion compensation package despite already being worth an estimated $700 billion, says you shouldn’t worry your pretty little head about saving your own money. In an appearance on the podcast Moonshots with Peter Diamandis, the world’s richest man told listeners, “One side recommendation I have is: Don’t worry about squirreling money away for retirement in 10 or 20 years. It won’t matter.”
Musk’s theory is basically that AI will become so capable that it’ll drop the cost of everything so much that money won’t really matter. Everyone will have “universal high income.” Diamandis, arguably best known in recent years as the guy who hosted a $30,000 per seat event in the middle of the covid-19 pandemic that resulted in the majority of attendees getting infected, hopped on the hype train, too, explaining that he believes that AI will ultimately lead to “basically demonetizing everything” because “the cost of labor has gone to nothing, the cost of intelligence has gone to nothing.”
