According to a report from Fox Business, Elon Musk said on Wednesday that money may become irrelevant in the future if current developments continue. These comments came while Musk was speaking at the US-Saudi Investment Forum hosted by the Kennedy Center in Washington, DC
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“If you’re out long enough, assuming there’s continued improvement in AI and robotics, which seems likely, money will no longer be relevant at some point in the future,” Musk said. He added that there will still be restrictions on energy, such as electricity and mass. “Basic physics elements will still be limitations, but I think at some point the currency becomes irrelevant,” Musk said.
The forum is designed to “bring together the visionaries, leaders and change-makers who are shaping the future of global investing,” according to the event’s website. Topics ranged from artificial intelligence and energy to healthcare and finance.
Musk was joined by Abdullah Al-Sawaha, Saudi Minister of Communications, and Jensen Huang, CEO of Nvidia Corp, as they discussed SpaceX’s reusable rockets, humanoid robots and AI factories. President Donald Trump also spoke at the forum, appearing with Mohammed bin Salman, the crown prince and prime minister of Saudi Arabia, whom the president hosted at the White House on Tuesday. Musk, CEO of Tesla, had previously met with bin Salman in May at the US-Saudi Investment Forum in Riyadh.
Source: Market intelligence platform IndexBox
