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BusinessQuiet 12d · day 16

Musk says saving is 'pointless' amid AI abundance, then cites Grok's costs

Days after declaring long-term saving irrelevant because of coming AI abundance, Musk said Grok's superintelligent AI was too costly to run.

newest coverage 11d agosummary written 11d ago4 pieces3.2k likes & upvotes105 comments NewswiresMastodonBluesky

What to know

  • Musk's claim that saving is 'pointless' because of coming 'super intelligent abundance' echoes predictions he made in January that retirement saving will become 'irrelevant'.
  • Business Insider surveyed seven personal finance and AI experts who all said people should keep saving regardless of Musk's predictions.
  • Critics note the irony that Musk, with a net worth near $1 trillion, gives relatively little to charity and his own foundation has been under scrutiny.
  • By November 2, commentary highlighted an apparent contradiction: Musk said Grok's AI was too expensive to operate relative to revenue, just days after touting AI abundance.

The dispute Whether Musk's AI-abundance predictions reflect genuine technological foresight or are undercut by near-term realities like Grok's reported unprofitability. · positions read across 2 posts and comments

most voices

Musk's advice is hypocritical given his own enormous, hoarded wealth and limited charitable giving.

  • “Elon Musk, Who is Hoarding Nearly a Trillion Dollars, Says Saving Money Is "Pointless"”

    urbanbike@eldritch.cafe · Mastodon ↗
many voices

Musk's abundance predictions are contradicted by his own near-term admission that AI (Grok) is too expensive to run profitably.

  • “Apparently AI abundance couldn't even make it through the weekend.”

    carnage4life.bsky.social · Bluesky ↗

“If any of the things that we've said are true, saving for retirement will be irrelevant.”

Elon Musk, CEO of Tesla, SpaceX, xAI · podcast (via Business Insider) ↗

Elon MuskElon Musk CEO of Tesla, SpaceX, and xAIBill GatesBill Gates Microsoft cofounder

Musk says saving is 'pointless' amid AI abundance, then cites Grok's costs
bsky.app

How it unfolded 4 developments, newest first · click a bar or a number to jump articlesposts

Peak 2 pieces in 4h at Oct 29, 5 AM; 4 pieces over 16 days (2 articles · 2 posts) Oct 29, 5 AM — 2 pieces · 2 articles — Newswires 2Oct 29, 9 AM — quietOct 29, 1 PM — 1 piece · 1 post — Mastodon 1Oct 29, 5 PM — quietOct 29, 9 PM — quietOct 30, 1 AM — quietOct 30, 5 AM — quietOct 30, 9 AM — quietOct 30, 1 PM — quietOct 30, 5 PM — quietOct 30, 9 PM — quietOct 31, 1 AM — quietOct 31, 5 AM — quietOct 31, 9 AM — quietOct 31, 1 PM — quietOct 31, 5 PM — quietOct 31, 9 PM — quietNov 1, 1 AM — quietNov 1, 4 AM — quietNov 1, 8 AM — quietNov 1, 12 PM — quietNov 1, 4 PM — quietNov 1, 8 PM — quietNov 2, 12 AM — 1 piece · 1 post — Bluesky 1Nov 2, 4 AM — quietNov 2, 8 AM — quietNov 2, 12 PM — quietNov 2, 4 PM — quietNov 2, 8 PM — quietNov 3, 12 AM — quietNov 3, 4 AM — quietNov 3, 8 AM — quietNov 3, 12 PM — quietNov 3, 4 PM — quietNov 3, 8 PM — quietNov 4, 12 AM — quietNov 4, 4 AM — quietNov 4, 8 AM — quietNov 4, 12 PM — quietNov 4, 4 PM — quietNov 4, 8 PM — quietNov 5, 12 AM — quietNov 5, 4 AM — quietNov 5, 8 AM — quietNov 5, 12 PM — quietNov 5, 4 PM — quietNov 5, 8 PM — quietNov 6, 12 AM — quietNov 6, 4 AM — quietNov 6, 8 AM — quietNov 6, 12 PM — quietNov 6, 4 PM — quietNov 6, 8 PM — quietNov 7, 12 AM — quietNov 7, 4 AM — quietNov 7, 8 AM — quietNov 7, 12 PM — quietNov 7, 4 PM — quietNov 7, 8 PM — quietNov 8, 12 AM — quietNov 8, 4 AM — quietNov 8, 8 AM — quietNov 8, 12 PM — quietNov 8, 4 PM — quietNov 8, 8 PM — quietNov 9, 12 AM — quietNov 9, 4 AM — quietNov 9, 8 AM — quietNov 9, 12 PM — quietNov 9, 4 PM — quietNov 9, 8 PM — quietNov 10, 12 AM — quietNov 10, 4 AM — quietNov 10, 8 AM — quietNov 10, 12 PM — quietNov 10, 4 PM — quietNov 10, 8 PM — quietNov 11, 12 AM — quietNov 11, 4 AM — quietNov 11, 8 AM — quietNov 11, 12 PM — quietNov 11, 4 PM — quietNov 11, 8 PM — quietYesterday, 12 AM — quietYesterday, 4 AM — quietYesterday, 8 AM — quietYesterday, 12 PM — quietYesterday, 4 PM — quietYesterday, 8 PM — quietToday, 12 AM — quietToday, 4 AM — quietToday, 8 AM — quietToday, 12 PM — quietToday, 4 PM — quietToday, 8 PM — quiet 1–34
Oct 31Nov 2Nov 4Nov 6Nov 8Nov 10now · 9:21 PM ET
  1. 4

    Commentators note Musk citing Grok's high operating costs

    A widely shared Bluesky post pointed out that days after declaring AI abundance would make saving pointless, Musk was reportedly explaining that Grok Bot's superintelligent AI was too expensive to operate relative to revenue, calling the timing of the contradiction out.

    “Apparently AI abundance couldn't even make it through the weekend.”
    — carnage4life.bsky.social
    • carnage4life.bsky.social

      On Thursday, Elon Musk said saving money for the future is pointless because superintelligent AI will bring abundance. Today, he’s explaining that Grok Bot’s superintelligent AI was too expensive to operate relative to revenue. Apparently AI abundance couldn’t even make it through the weekend.

      carnage4life.bsky.socialBluesky11d ago3.2k▲view on Bluesky ↗
  2. 2 days quiet
  3. 3

    Futurism calls out Musk's hypocrisy on wealth and saving

    Futurism published a piece noting Musk's near-trillion-dollar net worth and limited philanthropy, calling his advice to stop saving money hypocritical and linking it to scrutiny of the Musk Foundation's donation practices.

    “Elon Musk, Who is Hoarding Nearly a Trillion Dollars, Says Saving Money Is "Pointless"”
    — urbanbike@eldritch.cafe
    • urbanbike@eldritch.cafe

      Elon Musk, Who is Hoarding Nearly a Trillion Dollars, Says Saving Money Is "Pointless" https:// futurism.com/future-society/el on-musk-saving-money-pointless Pfffffff !

      urbanbike@eldritch.cafeMastodon15d agoview on Mastodon ↗
  4. 2

    Times of India picks up Musk's abundance comments

    Times of India summarized Musk's remarks, framing them as a prediction that traditional currency will decline in relevance as AI and robotics reduce production costs.

    1. 1 outlet Saving for distant future is pointless due to AI-driven abundance: Elon Musk

      first by Times of India, 15d ago

  5. 1

    Business Insider surveys experts who disagree with Musk

    Business Insider covered the X post and reported that seven personal finance and AI experts it consulted all said people should continue saving for retirement in case Musk's predictions don't pan out.

    “Saving money for the distant future is pointless with the advent of super intelligent abundance…”
    — Elon Musk, CEO of Tesla, SpaceX, xAI · source
    1. 1 outlet Elon Musk says long-term saving is 'pointless' as he expects a future of abundance

      first by Business Insider, 15d ago

  6. background

    Musk declares saving for the future 'pointless' on X — Replying to a user on X, Musk said saving money for the distant future is pointless given the advent of 'super intelligent abundance,' reaffirming his earlier predictions.

  7. background

    Musk tells podcast listeners not to save for retirement — In a January podcast appearance, Musk said people shouldn't worry about saving for retirement in 10 or 20 years because 'it won't matter,' predicting AI, energy, and robotics advances would make saving irrelevant.

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