AI and Robotics Could Make Work Optional and Money Irrelevant

If you say like in the long term, where will things end up long term?

I don't know what long term is. Maybe it's ten, twenty years, something like that. For me, that's long term.

Um, my prediction is that work will be optional.

Optional? Optional. Um, so... We'll take that.

Yeah. I mean, it, it'll be like, uh, playing sports or a video game or something like that. Um, if you want to work, uh, you know, in the same way, like, you can, you can go to the store and just buy some vegetables, or you could grow vegetables in your backyard.

It's much harder to grow vege-vegetables in your backyard, but some people still do it because they like growing, growing vegetables.

Um, that will be what work is like, optional.

It's kind of interesting. And I, I-- my guess is in, in-- if you go out long enough, assuming there's a continued im-improvement in AI and robotics, which this seems likely, the money will, will, will stop being relevant at some point in the future.

Uh, currency becomes irrelevant. But, but AI and humanoid robots will actually eliminate poverty.

And Tesla won't be the only one that makes them.

I think Tesla will pioneer this, but there will be many other companies that make humanoid robots. But there, there is only basically one way to, uh, make everyone wealthy, and that is AI and robotics.