At an AI Safety Summit in the UK, Elon Musk painted an exciting picture of the future of artificial intelligence (AI) and its impact on the world of work. According to Benzinga, Musk said AI could make all traditional jobs obsolete, while enabling an era of abundance through a “universal high income” system.

No more work needed

Musk told British Prime Minister Rishi Sunak that there will come a time when “a job will no longer be necessary.” You can work if you want to do it for personal satisfaction, but “AI will be able to do it all.”

Musk is optimistic about the future: “I think everyone will have access to the magic genie AI and will be able to ask any question,” he said. Education will especially benefit from this, as AI could be the best tutor.

Universal basic income

His concept of “universal high income” appears to be an evolution of the idea of ​​universal basic income that other tech leaders like Sam Altman also support. According to Benzinga, Musk posited in 2018: “Universal income will be necessary when AI takes over most human jobs.”

It remains to be seen whether Musk's prediction will come true or, at worst, a dystopia of mass unemployment. However, Musk emphasized that it is time to prepare for a radical redefinition of work while adopting policies that ensure economic stability and social well-being in the age of AI.

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