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International Business Times UK
International Business Times UK
Technology
Stephanie Cruz

Sam Altman Rejects Elon Musk's AI Utopia: 'Money Will Still Matter' in 10 Years

Altman warns that lower costs don’t ensure fair gains, as ownership and control still matter, highlighting the need for deliberate distribution. (Credit: YT/ TED)

Sam Altman has pushed back on Elon Musk's prediction that artificial intelligence will soon make money irrelevant, warning that the technology is more likely to concentrate wealth than to spread it.

'I think money will still matter in ten years,' the OpenAI chief executive said when asked about Musk's forecast. 'One of the greatest concerns I have with AI is the concentration of power and concentration of wealth.' SME Futures published his comments. He added: 'There are many reasons to think it won't just magically solve wealth inequality.'

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