Musk: AI and robotics will make money "irrelevant"

Musk recently stated at the U.S.-Saudi Forum event that AI and robotics will make money "irrelevant." "Energy constraints like electricity and quality still exist, but I believe currency will ultimately lose its significance." He also cited the "Culture" series by science fiction writer Iain Banks, created from 1987 to 2012, saying these works can help people "perceive what a positive future with artificial intelligence might look like."

In addition, Musk mentioned the end of labor itself, stating that work will become optional, like "exercise or video games." "Growing vegetables in the backyard is more challenging, but some people still enjoy it simply because they love gardening. Work will be the same, becoming an option."