Elon Musk: 'Don't Worry About Saving Money for Retirement'

Tesla CEO offers advice not to save or hoard money for retirement in 10-20 years, believing AI will drive production costs of everything down to record lows. Appearing at a dialogue held at Tesla’s Gigafactory in Austin, Texas, with the participation of “Moonshots” project founder Peter Diamandis and entrepreneur David Blundin, Elon Musk—the world’s richest person—unexpectedly advised people not to worry too much about keeping money. “My advice is not to worry about saving money for retirement in 10 or 20 years. It won’t matter,” Musk said. The basis for the billionaire’s advice lies in his absolute belief in artificial intelligence (AI). According to Musk, AI will develop so strongly that it will drive the cost of producing everything down to record lows. Regarding the timeline, Musk made a bold prediction: “I think we will achieve AGI (Artificial General Intelligence) by 2026. By 2030, AI intelligence will surpass all humans combined.” He stated that this is not merely a technological advancement inherited from previous progress, but a species-level transition. Musk once compared humans to a “biological bootloader” (Biological Bootloader) for digital superintelligence. This implies that all achievements of human civilization may only serve as a stepping stone to initiate a new digital civilization, far beyond human cognitive capabilities. The billionaire also emphasized that the world has truly entered a “technological singularity” point—an era when AI (AI) and robots develop at the speed of a “supersonic tsunami,” irreversible and soon surpassing human control capabilities.