Musk predicts superintelligence will boost the global economy by 20% to 30%

Musk spoke at the Baron Capital annual conference. He predicted that superintelligence will meet all human needs and go far beyond, so even ordinary people could own a castle. He expects everyone to earn very high incomes and enjoy medical care better than today's top services, while current money systems will look as old as shell money.

He also predicted that digital superintelligence could double white-collar productivity and lift the global economy by 20% to 30%. Humanoid robots could work five times more efficiently than humans, running around the clock. He estimated that just 20 to 30 million robots could match the total output of all workers in the US.

Responding to criticism that AI data centers use lots of water and power and make noise, Musk pointed to SpaceX's business in Memphis, USA, saying it has boosted local jobs and tax revenue. Still, his earlier views, such as people not needing to save for retirement, remain widely questioned.