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Elon Musk Says Long-Term Saving Is Pointless Due To AI Abundance

The Tesla CEO argues that artificial intelligence will create such abundance that traditional currency and saving become irrelevant.

2 publishers · 2 articles · first seen 29 Oct 2026 · updated 2h ago

Headline and summary written by an AI model from the linked articles; not reviewed by a person. How this was made

The odds

How the odds moved · Mars
0%50%100%8%23 Oct, 03:41 UTCnowTimes of India: Saving for distant future is pointless due to AI-driven abundance: Elon Musk · 29 Oct, 11:15 UTCAll Content from Business Insider: Elon Musk says long-term saving is 'pointless' as he expects a future of abundance · 29 Oct, 09:58 UTC

Each tick is a source publishing on this story

Price data
TimeChance of yes
now8%
26 Oct, 03:41 UTC8%
26 Oct, 01:19 UTC11%
25 Oct, 21:57 UTC9%
25 Oct, 21:21 UTC11%
25 Oct, 04:43 UTC9%
24 Oct, 23:41 UTC10%
24 Oct, 08:02 UTC11%
23 Oct, 23:50 UTC12%
23 Oct, 21:11 UTC11%
23 Oct, 16:07 UTC9%
23 Oct, 03:41 UTC12%

The story so far

2 publishers have covered this in 2 articles since 29 Oct 2026. All Content from Business Insider published first, on 29 October at 09:58 UTC; Times of India followed 1h 17m later. The most recent article, from Times of India, appeared on 29 October at 11:15 UTC.

Outlets reporting it: All Content from Business Insider, Times of India.

3 prediction markets price this story:

  • Mars — the market puts it at 8%, closing 1 Aug 2099. The market resolves to Yes if Elon Musk travels to Mars before he dies or before August 1, 2099, whichever comes first. It resolves to No if that event does not happen within those limits. Readers often mistake the deadline for a fixed date rather than the earlier of his death or the specified year.
  • Above $800 billion — the market puts it at 65%, with $12 traded in the last 24 hours, closing 31 Dec 2026. The market resolves to Yes if Forbes reports Elon Musk's net worth exceeds $800 billion on December 31, 2026 at 5:00 PM ET. Otherwise, it resolves to No. Readers often mistake the source of truth, assuming any financial report counts instead of only Forbes.
  • Before 2027 — the market puts it at 2%, closing 1 Jan 2027. The market resolves to Yes if Elon Musk ceases to be Tesla's CEO before January 1, 2027. It resolves to No if he remains in that role through the end of 2026. Readers often mistake the release date of the linked documentary for the resolution deadline.

Odds are the market's probability that the outcome happens, updated every few minutes. They are information about what traders expect, not a forecast we make and not investment advice.

Sources

Every article we clustered into this story. Headlines link to the publisher.

  1. Saving for distant future is pointless due to AI-driven abundance: Elon Musk Times of India
  2. Elon Musk says long-term saving is 'pointless' as he expects a future of abundance All Content from Business Insider

Related prediction markets

Linked by software because they are about the same subject. Most ask a different question from the one this story reports, so read each market's own question. How often the link is right

  • Kalshi Mars 8% $0 24hends 1 Aug 2099

    Does the market have this right?

    Wrong market?

  • Kalshi Above $800 billion 65% −1 $12 24hends 31 Dec 2026

    Does the market have this right?

    Wrong market?

  • Kalshi Before 2027 2% $0 24hends 1 Jan 2027

    Does the market have this right?

    Wrong market?

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