skip to contentAdvertisementThe comments were made as he appeared at the US-Saudi Investment Forum in Washington, where US President Donald Trump hosted Saudi Crown Prince Mohammed bin Salman.By: Express Web Desk November 20, 2025 01:21 PM IST First published on: Nov 20, 2025 at 01:21 PM IST ShareWhatsapptwitterFacebookMusk also argued that as AI develops, the concept of money itself will lose relevance. (AP Photos)Tesla CEO Elon Musk said on Wednesday, that rapid advances in artificial intelligence (AI) and humanoid robots could eventually make traditional work unnecessary and help eradicate poverty. Musk shared a video of himself speaking at an event on X, captioning it: “Poverty is an engineering problem.” The comments were made as he appeared at the US-Saudi Investment Forum in Washington, where US President Donald Trump hosted Saudi Crown Prince Mohammed bin Salman, the Associated Press reported.In the video he reposted, Musk predicted that in what he called the “long term” – roughly 10 to 20 years – most forms of work would no longer be essential.“My prediction is that work will be optional,” he said. “It will be like playing sports or video games… the same way you could go to the store and buy vegetables, or you could grow them in your backyard. It’s much harder, but some people still do it because they like growing vegetables.”Elon Musk predicted that AI and robots would eventually allow work to become optional for human beings, that money would become “irrelevant” and poverty would cease to exist. pic.twitter.com/yz9QsBlqMr— The Associated Press (@AP) November 19, 2025https://platform.twitter.com/widgets.jsMusk also argued that as AI develops, the concept of money itself will lose relevance. “Money will stop being important or relevant in the future. Currency becomes irrelevant,” he said.Musk went further to say that robotics would have a transformative economic impact. “AI and human robots will actually eliminate poverty,” he said. “There’s only basically one way to make everyone wealthy, and that is AI robotics… There will be many other companies that make human robots.”According to AP, Musk reiterated similar ideas during the forum, telling attendees that robots could “make everyone wealthy.”Trump leans on tech and AI The Trump administration is tying its economic strategy to artificial intelligence and US tech companies to a considerable extent. According to AP, the crown prince has pledged investments worth USD 1 trillion with American firms, much of it directed at turning Saudi Arabia into an AI data hub.Trump said the US intended to work with partners to build “the largest, most powerful, most innovative AI ecosystem in the world.”Seated in the audience were Nvidia co-founder Jensen Huang and Musk.Sharing the stage with Musk, Huang gave a more measured assessment. While he agreed AI will reshape the workforce, he stopped short of predicting the end of traditional jobs.“Everybody’s jobs will be different. I think that’s for sure,” Huang said, according to AP.Trump later asked Huang whether any country could rival Nvidia’s Blackwell chip, a critical component in current AI systems. Huang replied: “Not yet, sir.”AdvertisementAdvertisementLoading Taboola...