Tesla and SpaceX CEO Elon Musk has predicted that money could become largely irrelevant by 2036, arguing that rapid advances in artificial intelligence and robotics may fundamentally reshape how people live and work.
Speaking in an interview with The Economist, the billionaire said technological progress could eventually reach a point where machines produce more goods and services than people can consume.
According to Musk, such a future would significantly reduce the traditional role of money in everyday life.
“Money won’t matter in 2036,” he said.
Explaining his view, Musk questioned the need for money if AI-powered systems and robots are capable of providing an abundance of products and services.
“If robots and AI are providing more goods and services than any human could consume, what do you need money for in that case?” he asked.
Addressing concerns that artificial intelligence could replace millions of jobs, Musk suggested that people may instead benefit from what he described as a “universal high income.”
The concept differs from universal basic income, as it envisions a future where technological productivity creates enough wealth and resources to support a higher standard of living for everyone.
Musk also shared his views on the global race to dominate artificial intelligence, saying China is well-positioned to become a leading force in the sector.
He noted that Chinese technology companies have continued to make significant progress despite operating with comparatively limited computing resources.
Beyond technology, the entrepreneur reflected on his recent involvement in American politics, admitting he became more engaged than expected.
“I got a little too involved in politics,” Musk said, adding that he “got carried away” during the 2024 United States presidential election.
Following Donald Trump’s election victory, Musk was appointed Senior Adviser and co-head of the Department of Government Efficiency (DOGE), an initiative that officially concluded operations on July 4, 2026.
He maintained that the department was created to improve government spending by reducing waste and preventing fraudulent expenditure.
Musk acknowledged that his role attracted significant criticism but insisted the objective was to ensure public funds were used responsibly.
His latest comments add to ongoing global discussions about artificial intelligence, automation and the future of work, as governments and businesses continue to examine how emerging technologies could reshape economies over the coming decades.