Musk Predicts AI and Robots Will Enable Universal High Income; Burry Counters: 'Revolution Will Come First'

According to Business Insider, Tesla and SpaceX Chief Executive Elon Musk recently predicted on X that artificial intelligence and robotics will create unprecedented material abundance, enabling governments to provide all citizens with sufficient income to live comfortably, with work becoming optional rather than necessary. Musk wrote: "AI + robots will be able to do everything, achieving universal high income, and work will become a choice."

Investor Michael Burry, known for predicting the 2008 subprime crisis and the inspiration for "The Big Short," swiftly countered: "No, the revolution will come first." Burry, who disclosed a Tesla short position on Substack last week, implied that widespread labor displacement from AI could trigger social upheaval rather than prosperity.