I see a lot of hate for what he said, but he made some reasonable points if you actually watch the full interview. He isn’t saying that there will be no more money, but saying that AI will bring so much abundance with robots working 24/7 that goods/services might become very cheap. When goods/services become very cheap, suddenly your small deposit/investment returns + government payouts could be enough to sustain an abundant living.
Now, onto the second point: investment opportunities. The most obvious winner, if Elon Musk is correct, would naturally be AI itself. However, AI is also the premise of the thesis. If you’re investing in AI companies, you’re effectively betting that Musk’s prediction comes true in the first place.
Instead, I’m asking a different question: assuming Musk is right, what assets benefit from a world where AI succeeds? I feel the next resource that cannot simply made abundant is land. Goods/services can be made so cheap from AI, but land is your slice of earth that cannot be simply produced like goods/services by AI. It is fixed in supply, it is like Bitcoin but actually beneficial.
What are your thoughts on this? I hope for more non emotional answers that crack on some of the arguments Musk is making.