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Musk says AI may make work optional, money less relevant

Elon Musk predicts that within 10 to 20 years, work may become optional as AI and robotics advance, potentially making money irrelevant.

Speaking at the US-Saudi Investment Forum, Musk compared future work to leisure activities like sports or video games, driven by widespread automation.

He envisions millions of robots increasing productivity and transforming industries, including healthcare, where he expects automation to outperform human surgeons within a decade.

He mentioned a future where a universal high income could support a society without the need for traditional employment, echoing ideas like basic income.

Economists caution that the timeline for full automation and widespread adoption remains uncertain, citing high costs and technological limitations of robotics.

🔗 Source: Fortune

🧠 Food for thought

Implications, context, and why it matters.

Musk’s vision skips the crucial step of how businesses can afford robots today

  • A work-optional future has been tied to widespread robot use, yet robots are still costly and hard to scale.
  • A 10-to-20-year timeline can be judged only after business models that cut automation costs are spelled out.
  • Robotics-as-a-Service (RaaS), a subscription where a company pays to use robots rather than buying them outright, has been expected to reach $34 billion in revenue by 2026 1.
  • In contract cleaning, Robots-as-a-Service has been treated as one way to speed adoption 2.

Service models can unlock the robotics market for mid-sized businesses

  • Operations leaders and investors can turn complex automation into a service, which lowers upfront spending and eases integration hurdles 1.
  • Contract cleaning and fast-food service often face high turnover plus repeatable tasks, which makes them good early candidates for automation or managed services 2, 3.
  • A Robotics-as-a-Service (RaaS) package can include robot hardware, maintenance, software updates, and performance guarantees under a service level agreement (SLA), a contract that sets service expectations such as uptime and response times 1.
  • This shifts a capital expenditure (upfront purchase cost) into an operating expense (ongoing budget line item), which can widen access beyond large corporations 1.

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