Elon Musk expects AI will change all human jobs, result in 'common top source of revenue'

Payne Capital Control President Ryan Payne breaks down the principle driving force of the S&P 500’s newest rally all the way through an look on ‘Varney & Co.’  Billionaire entrepreneur Elon Musk reiterated his stance this week that synthetic intelligence will sooner or later get rid of the desire for people to paintings, giving his imaginative and prescient for a way the long run will glance because the generation continues to unexpectedly advance. All the way through his far flung look on the Viva Generation convention in Paris on Thursday, Musk was once requested whether or not he was once fascinated with dropping his activity to AI, and what he would do if that had been to occur.Musk holds a number of roles because the CEO of Tesla, and founding father of xAI, SpaceX and Neuralink, in addition to the landlord of social media platform X. U.S. billionaire and Tesla CEO Elon Musk addresses individuals by way of videoconference all the way through the Viva Generation display at Parc des Expositions Porte de Versailles on Would possibly 23, 2024, in Paris, France (Chesnot/Getty Photographs) / Getty Photographs)”In a benign state of affairs, most probably none folks may have a role,” Musk responded. “There will likely be common top source of revenue — and no longer common elementary source of revenue — common top source of revenue. There will be no scarcity of products or services and products.” TESLA CEO ELON MUSK SAYS HE OPPOSED EV TAX INCENTIVES, TARIFFS ON CHINESE EVSThe tech rich person stated that during his opinion, there’s an 80% likelihood that AI advances will lead to this sort of scenario the place people is not going to desire a activity and may have all they want.  Elon Musk, co-founder of Tesla and SpaceX and proprietor of X Holdings Corp., speaks on the Milken Institute’s International Convention on the Beverly Hilton Resort on Would possibly 6, 2024, in Beverly Hills, California.  (Apu Gomes/Getty Photographs / Getty Photographs)”The query will in reality be one in all that means, of the way — if a pc can do, and the robots can do the whole lot higher than you … does your existence have that means?” Musk stated. “That in reality would be the query in that benign state of affairs, and within the destructive state of affairs, all bets are off the place we are in serious trouble.”AI IS LIKE A ‘TSUNAMI’ HITTING THE LABOR FORCE, IMF CHIEF SAYSMusk has predicted sooner than that AI will sooner or later turn into so complicated it’ll get rid of the desire for people to paintings. Elon Musk, leader govt officer of Tesla Inc., proper, and Rishi Sunak, UK high minister, all the way through a hearth dialogue on synthetic intelligence dangers in London, UK, on Thursday, November 2, 2023.  (Tolga Akmen/EPA/Bloomberg by way of Getty Photographs / Getty Photographs)”I feel we’re seeing probably the most disruptive power in historical past right here,” Musk stated of AI all the way through a sit-down with U.Ok. High Minister Rishi Sunak on the inaugural AI Protection Summit in London remaining fall.GET FOX BUSINESS ON THE GO BY CLICKING HERE”It is arduous to mention precisely what that second is, however there’ll come some extent the place no activity is wanted,” the tech billionaire stated. “You’ll be able to have a role if you wish to have a role — type of non-public pride — however the AI will have the ability to do the whole lot,”

Author: OpenAI