Elon Musk once again elaborated on his views in reply to Bridgewater Associates founder Ray Dalio:Driven by artificial intelligence and robotics, society may enter a "high-income for all" stage in the future, when savings will no longer be necessary.

Musk believes thatThe spread of artificial intelligence and robots will eventually eliminate poverty and the necessity of work, thereby creating universal abundance.

At the Viva Technology Conference in Paris last May, he said that he was not worried about being replaced by AI.On the contrary, it is believed that there is an 80% chance that AI will bring about a situation where "human beings do not need to work, but can have everything they need."

In the long-term picture painted by Musk, labor will transform into an optional lifestyle, like a hobby.

Musk also made other bold predictions about the transformative impact of AI and robotics. For example, he proposed in November this year that the widespread deployment of AI and robots is the only way to solve the U.S. debt crisis.