Work, Money will be Irrelevant for Humans in 20 Years: Elon Musk

Washington: During a high‑profile session at the US‑Saudi Investment Forum, Tesla and X CEO Elon Musk unveiled a bold vision of the near future, warning that the twin forces of artificial intelligence and humanoid robots will fundamentally reshape global economies. Speaking alongside Nvidia CEO Jensen Huang and Saudi Minister of Communications Abdullah Al‑Swaha, Musk described humanoid robots as the ‘biggest invention’ of the coming era, capable of eliminating poverty worldwide by dramatically boosting productivity and lowering costs.

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Musk stated that work will no longer be a necessity for humans within 10 to 20 years, but will become a ‘choice’ like exercising or pursuing hobbies, given the ability of intelligent robots to perform most productive and service tasks more efficiently and at a lower cost. He added that this transformation will lead to a significant decline in the importance of traditional money, asserting that currencies may lose a large part of their value and role as the global economy changes and automation increases.

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The Tesla chief also announced a major technology partnership with Nvidia and Humane to launch a flagship AI project in Saudi Arabia, positioning the kingdom as a key hub for next‑generation AI infrastructure. The collaboration underscores Saudi’s growing role in the global race to build the digital backbone that will power future automation.