Elon Musk: “I think it's actually going to be universal high income…”

“Potentially we could have an economy 10 times the size of the current global economy where no one wants for anything. Sometimes in AI they talk about universal basic income. I think it's actually going to be universal high income where anyone can have any goods or services that they want. A science fiction book recommendation that I have, which I think is probably the best envisioning of an AI future, is the culture books by Ian Banks.” (02:23–02:33)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.