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The Independent UK
The Independent UK
National
Holly Bishop

Musk claim that AI will end need for retirement savings echoed by US Treasury Secretary

  • Scott Bessent has echoed Elon Musk 's claims that artificial intelligence will eliminate the need for retirement savings.
  • Musk previously asserted that within 10 to 20 years, saving for retirement will become irrelevant due to the 'abundance of AI'.
  • The SpaceX CEO believes AI will surpass human intelligence in a few years, rendering cash meaningless.
  • A figure identified as 'the Treasury Secretary' agreed with Musk's perspective during a Fox News interview on Monday (27 July).
  • This individual, however, suggested that Musk's timeline for these developments is 'ahead of the curve'.

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