A earth anywhere everyone gets a castle appears akin Oprah wrote a fairy tale. Elon Musk says that's what the forthcoming holds gratitude to AI.
"Super intellect volition saturate all individual needs by far," the Tesla and SpaceX CEO stated by webcast at Baron Capital's annual conference on Friday.
"You could desire for a castle, or any you desire basically, and the digital superintelligence can create it for you as a flank project," he added.
There volition additionally be "universal extremely elevated income," and "universal medicinal care that is improved than the finest medicinal attention accessible on Earth today," Musk said.
The world's richest man has repeatedly predicted that advances in AI, robotics, and energy volition slash costs, supercharge productivity, and boost financial growth.
He's suggested that could guide in an age of abundance anywhere products and services are no longer scarce, money ceases to matter, and "everyone can have a penthouse if they want."
Actually, AI/Robotics volition average everyone can have a penthouse if they want. The output of products & services volition be multiple orders of dimension higher than today’s economy. Read the Iain Banks Culture books for the finest imagining of how it volition be. That said, what is the forthcoming you want? Amazing abundance seems the finest to me.
— Elon Musk (@elonmusk) April 18, 2026
Speaking to Ron Baron, one of his biggest shareholders and most resolute supporters, Musk stated tech advances volition allow humans to harness so much energy that it volition "completely saturate item anyone could always desire for on Earth."
Describing the superintelligence era, he said: "Our economics volition appear quaint, and our prosperity scheme volition appear akin exchanging seashells for currency."
Musk predicted that digital superintelligence volition quickly develop the earth economics by 20% to 30% as it promises to "double the productivity of white-collar work."
He additionally envisioned humanoid robots being five times as productive as people. They'll activity faster, he said, and can be on the job 24/7 as they don't "take vacation, or washroom breaks, or need to eat food, or item akin that." He estimated that 20 myriad to 30 myriad robots could equivalent the current output of operating Americans.
During the conversation, Musk addressed the public backlash to the data centers powering the AI boom, which has centered on the h2o and power they consume and the noise they make. He stated that Memphis is "booming" since of SpaceX's existence there.
"The restaurants are full, the hotels are full. We're paying at times twice the prevailing pay that group were earning before," Musk said. "We've additionally helped out alongside local schools, and the tax income that the district and the city are earning is tremendous."
Musk has faced serious skepticism complete his former claims of forthcoming abundance, particularly his recommendation that group halt preservation for withdrawal since their prosperity volition be "irrelevant," and his recommendation of government checks for all as the finest reply to job losses from AI.
Several of his peers have made akin projections. Microsoft cofounder Bill Gates lately stated AI volition guide in "true abundance," and robots volition be capable to "build houses, develop food, do surgery."
But Gates additionally warned the 20-year passage to get there volition be hugely "tumultuous," as group won't be needed to create most products and services.
Similarly, Anthropic CEO Dario Amodei has stated AI promises to "raise the norm of existence for everyone," but there volition be "unprecedented" disruption before it does.
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Theron Mohamed is a London-based equal on the International squad at Business Insider. His safety spans finance, investing, wealth, markets, and the economy.Theron joined BI in 2019 as a newsman at Markets Insider and rosy to the position of equal before moving to the Trending squad afterward the broader International team. He previously covered tech, media, and telecom stocks for Investors Chronicle mag and had a concise stint on the Financial Times' Data team. He interned at the Wall Street Journal in New York anywhere he chiefly wrote for Heard on the Street.Theron has freelanced for The Independent, The Telegraph, WIRED, and multiple smaller publications. He holds an undergraduate flat in earth discipline from the London School of Economics, and a master's flat in reporting from Columbia University.Theron frequently covers Warren Buffett, Michael Burry, and another choose investors. He additionally writes concerning the world's wealthiest group and shares financial direction from all manner of affluent and prosperous people.Email Theron at [email protected] and prosecute him on X @theron_mohamed.
