Elon Musk · Michael Saylor · Strategy · Bitcoin · Fortune Technology
History, Saylor suggested, offers some evidence to his argument
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Technological advances have made many necessities dramatically cheaper and more widely available.
Key facts
- If the reporter give everybody a house, someone’s going to want a house twice as big,” Saylor, who has a net worth of $3.3 billion, said
- In New York City, you can see that everywhere—why do they go to restaurants and pay $300 to eat at a restaurant because you can feed yourself on three bucks a day
- In 10, 15 years’ time, we’ll be in a kind of new golden era of discovery that [is] a kind of new renaissance,” Hassabis previously said on Fortune ’s Titans and Disruptors of Industry podcast
- While Saylor—founder of software firm Strategy, which has made Bitcoin central to its business —agreed that AI could make life’s necessities dramatically cheaper, or even free, the 61-year-old argued
Summary
Elon Musk has perhaps been the most bullish on AI’s potential to reshape the world, predicting that work will eventually become optional, goods and services will become abundant, and money could become irrelevant as AI drives toward a “ universal high income.” But fellow billionaire Michael Saylor isn’t buying it. “Everybody doesn’t get a Hampton’s house. While Saylor—founder of software firm Strategy, which has made Bitcoin central to its business —agreed that AI could make life’s necessities dramatically cheaper, or even free, the 61-year-old argued it won’t eliminate money’s value altogether. As basic goods become abundant, he said, people will simply shift their spending toward scarcer goods that confer wealth and status. “If the reporter give you universal healthcare, people want private healthcare.