Elon Musk predicts ‘Universal High Income’ in AI driven future

Published

2 years ago

March 20, 2024

Elon Musk has forecasted a future where artificial intelligence renders traditional employment obsolete, paving the way for a system of “universal high income.”

Speaking at the inaugural AI Safety Summit, Musk painted a utopian vision where AI ushers in an “age of abundance,” providing limitless opportunities and resources.

He envisages a scenario where AI systems can accomplish all tasks, freeing individuals from the necessity of traditional employment.

“It’s hard to say exactly what that moment is, but there will come a point where no job is needed,” Musk remarked to U.K. Prime Minister Rishi Sunak.

“You can have a job if you want to have a job or sort of personal satisfaction, but the AI will be able to do everything.”

AI driven future

While acknowledging the discomfort this prospect may evoke, Musk expressed optimism about what he termed a “protopian” future driven by AI.

He described a world where AI serves as an unparalleled educational resource and ensures an abundance of goods and services for all.

Musk’s concept of “universal high income” appears to build upon the idea of universal basic income (UBI) advocated by other tech leaders, such as Sam Altman.

While the specifics remain unclear, Musk suggests that this concept would elevate individuals’ economic status, potentially serving as an equalizer in society.

This vision resonates with recent discussions around UBI, particularly in light of successful experiments like the expanded child tax credit in 2021.

The positive outcomes of such initiatives demonstrate the potential of direct cash payments to alleviate poverty and inequality without discouraging workforce participation.

Apple’s AI wearable push: Cameras, speakers and a 2027 vision

Apple is developing an AI-powered wearable device, aiming for a launch of 20 million units in the growing AI market.

Published

18 hours ago

January 22, 2026

Harvey Vargas

Apple is developing an AI-powered wearable device, aiming for a launch of 20 million units in the growing AI market.

Apple is reportedly developing an AI-powered wearable device equipped with cameras and speakers, signalling its next major move into artificial intelligence-driven hardware.

While still in early development, the company is said to be planning a launch scale of up to 20 million units.

This move places Apple squarely into the fast-growing AI wearable market, where tech giants are racing to define what hands-free, AI-first devices will look like. Rather than rushing to market, Apple appears to be taking a measured approach by embedding AI capabilities into its existing ecosystem.

Reports suggest Apple is also experimenting with camera-equipped AirPods and smart glasses, with a potential launch timeline around 2027. If successful, these devices could reshape how users interact with AI in everyday life.

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Tech

AI spending in 2026: Why investment is compounding, not just cyclical

As 2026 begins, AI investment debates rise; real revenue growth signals pivotal changes for tech adoption and future trends.

Published

2 days ago

January 21, 2026

Harvey Vargas

As 2026 begins, AI investment debates rise; real revenue growth signals pivotal changes for tech adoption and future trends.

As we kick off 2026, the debate around AI spending is heating up. Skeptics warn of cyclical hype, but new evidence suggests that AI investment is delivering real revenue and gaining traction across enterprises. Brad Gastwirth from Circular Technologies breaks down why this year could be pivotal for AI adoption.

We dive into how AI spending today compares to previous tech booms, the impact of circular funding models, and why enterprise and sovereign demand are driving durable growth. Brad explains the compounding effect of AI investment and what it means for future technological development.

Finally, we explore the race toward AGI and ASI and the broader implications for the tech landscape. From skeptics to believers, understanding these trends is key for investors, businesses, and tech enthusiasts alike.

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#AIInvestment #TechTrends2026 #ArtificialIntelligence #EnterpriseAI #FutureTech #AGI #TechBoom #CircularFunding

Tech

TSMC posts record profits on AI chip boom

TSMC posts record Q4 profit, driven by strong chip demand, exceeding predictions and signaling market dominance.

Published

7 days ago

January 16, 2026

Harvey Vargas

TSMC posts record Q4 profit, driven by strong chip demand, exceeding predictions and signaling market dominance.

Taiwan Semiconductor Manufacturing Company (TSMC) has posted a record net profit for the fourth quarter, driven by strong demand for advanced chips.

Net profit surged 35% year-on-year, exceeding analyst expectations and signalling a dominant position in the semiconductor market.

Quarterly revenue also rose 20.5% compared to last year, supported by robust sales in AI and high-performance computing segments. The company’s success reflects the growing global appetite for cutting-edge semiconductor technology.

Looking ahead, TSMC plans to ramp up capital expenditure, projecting investments of up to $56 billion in 2026. The positive results have sparked an upbeat reaction across global markets, highlighting TSMC’s influence in the tech sector.

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