Aam Aadmi Party leader Raghav Chadha on Tuesday called for lowering taxes on capital gains, saying that high taxation discourages long-term investment. Speaking in the Rajya Sabha, Chadha said that investments in India are highly taxed and suggested providing incentives on interest earned from bank
Will Working Become 'Optional' In 20 Years? Elon Musk Predicts BIG Change
Will Working Become 'Optional' In 20 Years? Tech Billionaire Elon Musk Predicts BIG Change
Elon Musk stated that advancements in artificial intelligence (AI) and robotics will make working "optional" in less than 20 years and possibly even sooner. He acknowledged that some may doubt this prediction, noting that his statement may be played back after two decades to judge its accuracy.
Tech billionaire and CEO of Tesla, Elon Musk, has predicted in an interview that in around 20 years, work may no longer be a necessity for people.
Speaking during an interview with Nikhil Kamath, Co-Founder of Zerodha, Musk stated that advancements in artificial intelligence (AI) and robotics will make working "optional" in less than 20 years and possibly even sooner.
Musk stated, "My prediction is, in less than 20 years, working will be optional, working at all will be optional, like a hobby pretty much."
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The billionaire also said that with progress in AI and robotics, people may reach a stage where they can choose whether to work or not, similar to choosing whether to grow vegetables at home despite having the option to buy them from a store.
According to him, this shift could arrive in "less than 20 years, maybe even as little as 10 or 15 years," driven entirely by technology taking over almost all forms of labor.
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He acknowledged that some may doubt this prediction, noting that his statement may be played back after two decades to judge its accuracy.
Still, he expressed confidence that the speed at which AI is improving will ultimately make work a matter of personal interest rather than economic survival.
The discussion came after Kamath pointed out that parts of the West are already moving from six-day workweeks to five, four, and even three days. Musk responded by saying that such flexibility does not apply when building a startup or working on extremely difficult problems, where "serious hours" are still necessary.
But as technology progresses further, he believes even these demanding roles will eventually be supported or replaced by advanced systems.
Kamath then asked how society might change if people were required to work only half the week, and what they might do with the rest of their time.
Musk replied that the shift would go much further than shorter workweeks, people simply "won't have to work at all."
He said AI and robotics would be able to provide all the goods and services people want. "If you can think of it, you can have it," he stated.
Kamath also raised a question about human competitiveness, suggesting that even if everyone had enough through universal high income, people might still feel the need for more because "enough is not enough."
Musk admitted that this remains uncertain, since humanity is heading toward what he described as a technological "singularity," where it becomes impossible to predict what comes next.
He said that once AI reaches a point where it has fulfilled all human needs, it may begin doing things for its own purposes.
(with ANI inputs)
Source: ZeeNews
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Aam Aadmi Party leader Raghav Chadha on Tuesday called for lowering taxes on capital gains, saying that high taxation discourages long-term investment. Speaking in the Rajya Sabha, Chadha said that investments in India are highly taxed and suggested providing incentives on interest earned from bank
2 months ago
