Elon Musk predicts a loss of interest in money by 2036 as a consequence of the increasingly rapid adoption of artificial intelligence in daily life.

In 10 years, machines will cover basic needs in various areas of human life, giving people more time to dedicate to creative activities, without worrying about money and survival through work as they have until now.

According to the tech magnate, “the impact of artificial intelligence and robots on the global economy is no longer exclusive to technologists and economists.” Musk says that by 2036, “automation will be so advanced that scarcity will no longer be an issue and abundance will be the norm.”

The owner of SpaceX, Starlink, Tesla, and the social network X made this statement in an interview with Zanny Minton Beddoes, editor-in-chief of The Economist. He added, “If robots and AI can produce more goods and services than any one person could consume, money will no longer be necessary.”

According to his vision, work will be optional, and access to goods and services will be virtually unlimited. “There will be a universal high income. Work will be like gardening: you don’t have to do it, but you might want to.”

When asked about the future of businesses if people stop paying for goods and services, Musk pointed out that automated production will outstrip demand to such an extent that money will no longer be necessary.

This is an ambitious prediction that even involves the National Treasury issuing checks directly to citizens, “eliminating concerns about inflation, since production would grow at a rate sufficient to keep prices stable or even promote deflation.”

Utopia or provocation? We will have to wait and see how AI and other technologies will affect life on the planet in the coming years.

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Source: infobae

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La entrada Elon Musk predicts the effects of AI on money and work in 2036 apareció primero en Bitfinance.

The National Telecommunications Commission (Conatel) held a meeting with representatives of SpaceX/Starlink to evaluate new connectivity and internet options for the public in Venezuela.

According to Conatel, the objective is “to strengthen the telecommunications sector and ensure that Venezuelans have a wide and diverse range of internet connectivity options.”

Conatel Director General Enrique José Quintana and his team participated in the meeting. Emmanuel Cárdenas, Director of Legal and Regulatory Affairs for SpaceX in Latin America; Catalina Castellanos, telecommunications lawyer for the region; Rebecca Hunter, Director of Market Access for SpaceX; and other legal representatives of the company.

During the working session with companies owned by Elon Musk, the commission emphasized its commitment to continue “driving the technological modernization of Venezuela, opening the doors to international investment under clear, sovereign, and transparent rules.”

The meeting between both parties analyzed key technical, legal, and economic aspects for the regulation and deployment of satellite internet service in Venezuela, “guaranteeing compliance with current legal regulations and the protection of users.”

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Source: bancaynegocios

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This week it was revealed that Elon Musk, CEO of Tesla, X, and SpaceX, lost his lawsuit against Sam Altman of OpenAI, in which he sought $134 billion for breach of his company’s founding charter.

According to CNBC, “a U.S. court, presided over by federal judge Yvonne Gonzalez Rogers, determined that Musk’s lawsuit was filed after the statute of limitations had expired, as the tycoon had three years to file his complaint.” The judge stated that “there is a substantial amount of evidence to support the decision.”

Musk’s accusation against OpenAI centered on the “breach of the founding charter of the company that created ChatGPT.”

The entrepreneurs, who were once friends, ended up embroiled in a three-week trial due to various points of contention that led to a court case.

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Source: bolsamania

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Elon Musk’s X social network is preparing to launch the Smart Cashtags financial tool, which will allow trading stocks and cryptocurrencies directly from the platform’s timeline.

According to statements from the company’s product manager, Nikita Bier, the feature should be active in a few weeks. The executive added that “a new version of Cashtags has already been launched in the United States and Canada for iPhone, focused on providing real-time financial data within the platform.”

Musk’s intention to make X multiplatform has been progressing since 2022, when he “incorporated a system that displayed price charts and market data for major assets like Bitcoin and Ether.” At that time, it was possible to track price movements within posts, but it did not offer transactional features.

Now, an expansion of these services is underway, with a relaunch that includes “real-time data in the United States and Canada for iPhone, the preparation of Smart Cashtags for stock and cryptocurrency trading within weeks, and the continuation of X Money in limited beta. Together, these pieces paint a picture of a platform that seeks to capture more value at the intersection of attention, information, and money.”

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Source: diariobitcoin

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According to the Forbes list of the world’s richest people, the top five countries are the United States, China, India, Germany, and Russia.

Great fortunes are concentrated in small territories. The United States tops the list, “with the largest number of billionaires, concentrating fifteen of the twenty richest people in the world, although territories in Europe and Asia also appear in the following positions.” Elon Musk is currently “the wealthiest man on the planet,” with a fortune of more than $817 billion. He is joined on the list of the richest people in the entertainment world, from rapper Dr. Dre to singer Taylor Swift.

China has the second-highest number of billionaires. The figure reaches 539 individuals, the richest being Zhang Yiming, co-founder of ByteDance, owner of TikTok.

India comes in third. “The total number of billionaires has grown slightly, from 205 to 229, as has their net worth, which has risen from $941 billion to $1 trillion.” Businessman Mukesh Ambani, CEO of Reliance Industries, holds the largest fortune, with $99.7 billion.

In Germany, the fourth country on the Forbes list, the richest man is Dieter Schwarz, owner of the Schwarz Group, “which operates the discount supermarket chains Lidl and Kaufland.”

Russia is the fifth-richest country in the world. There, the number of millionaires rose from 140 to 147, and their net worth increased from $580 billion to $649 billion. The list is topped by Alexei Mordashov, majority shareholder and chairman of Severstal, the country’s largest steel and mining conglomerate.

The list also includes other countries, such as Italy, Canada, Hong Kong, Brazil, and Taiwan, where businesspeople from various sectors have amassed great fortunes.

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Source: economiadigital

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Artificial intelligence will reach space in an average period of three years, according to Elon Musk, who says that there is always sunlight there, so batteries would not be necessary, and data centers would be more efficient.

Musk has said that he plans to launch “up to a million satellites to create a network of space data centers dedicated to AI,” arguing that “space will be the most attractive and cost-effective place to install artificial intelligence (AI) data centers.”

The owner of Tesla, the social network X, and SpaceX, said on the Cheeky Pint podcast, hosted by Dwarkesh Patel, that the efficiency of solar panels in orbit is “up to five times more efficient than on Earth, as they don’t face day-night cycles, clouds, or losses due to the atmosphere.”

Meanwhile, his company SpaceX has already submitted an application to the U.S. Federal Communications Commission (FCC) for authorization to move forward with the project, which will be integrated with his artificial intelligence company, xAI.

Regarding the manufacture of solar panels for space use, Musk noted that it would be more affordable, “since they don’t require heavy structures, glass, or batteries.” He also downplayed the maintenance challenges of the equipment in orbit, considering modern GPUs to be sufficiently reliable once they have passed their initial operational phase.

Referring to the energy demand of this type of infrastructure, which has reached alarming levels on Earth, he explained that they seek to alleviate the pressure on electrical grids and reduce the water and land consumption required by large data centers on the planet.

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Source: ultimasnoticias

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Elon Musk, the owner of the social network X, indicated that starting this Saturday, January 17, the platform’s new algorithm will be open source.

Musk posted on the platform: “We will be making X’s new algorithm, including all the code used to determine which organic and paid posts are recommended to users, open source in 7 days.”

He explained that the process will be repeated every four weeks, “with extensive developer notes to help you understand what has changed,” giving anyone the opportunity to learn how the system works.

It is important to note that the algorithm is one of the most powerful tools of X and other social networks, as it “determines the feed or flow of information that appears in each user’s account.”

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Source: elnacional

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As is customary, Forbes magazine recently announced the ten richest people in the world at the end of 2025.

It is noteworthy that nine of these individuals are American. All are focused on key sectors for the development of humanity, such as artificial intelligence, cryptocurrencies, technology, and knowledge.

Top 10 richest people in the world

• Elon Musk. The owner of Tesla, X, and SpaceX, among others, has amassed a fortune of $483 billion.
• Larry Page. The Google co-founder amassed $266 billion this year.
• Larry Ellison. The fortune of the Oracle founder amounts to $253 billion.
• Jeff Bezos. From second place at the beginning of this year, he dropped to fourth place among the richest people at the end of 2025, with $245 billion.
• Sergey Brin. Google co-founder Brin strengthened his presence in this ranking, maintaining a fortune of $242 billion.
• Mark Zuckerberg. The owner of Meta remains in sixth position with $222 billion.
• Bernard Arnault. The seventh spot belongs to the chairman of the LVMH conglomerate, who amassed $190 billion this year.
• Jensen Huang. CEO of none other than Nvidia, is in the spotlight at the end of 2025. The executive has accumulated a fortune of $154 billion.
• Michael Dell. In ninth place is the founder of the technology company Dell, with $152.1 billion.
• Warren Buffett. In tenth place is the soon-to-retire chairman of Berkshire Hathaway, with $152 billion.

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Elon Musk’s predictions regarding the disappearance of cash in 10 to 20 years, as well as the obsolescence of cash, are based on upcoming advances in robotics and artificial intelligence.

According to the owner of X, Tesla, and SpaceX, among other companies, in one or two decades AI will be present in all sectors and industries, automating everything. Therefore, people will no longer need to go to an office or factory; that will be optional.

Regarding cash, with the rise of e-commerce and, logically, the use of credit and debit cards, biometric identification systems, and contactless payments, fiat money would become obsolete.

While Musk has ventured to make predictions like these in the past, sparking both support and opposition on social media, only time will tell what will happen to the labor market and cash in the coming years, as rapid technological and energy advancements will be required to make such predictions a reality.

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Source: computerhoy

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Cybercriminals have found that using artificial intelligence allows them to enhance their scams, making their deceptions more realistic and harder to detect. Recently, fake videos have surfaced impersonating internationally renowned figures, such as Lionel Messi or the CEO of a major organization.  However, these scams also occur on a smaller scale, such as targeting a school principal in the United States. ESET, a leading proactive threat detection company, reviews some of the cases where deepfakes were the main tool used in scams that resulted in millions of dollars in losses or the compromise of sensitive information.

Deepfake is an artificial intelligence-based technique for synthesizing human images to create fake content from scratch, using existing videos or even just a still image. They are designed to replicate the appearance and voice of a real person.

“With the evolution of Artificial Intelligence, these videos and audio recordings seem increasingly real. Many exploit the image of public figures or well-known entities to say something false, as part of a scam that aims to obtain money or sensitive information,” says Camilo Gutiérrez Amaya, Head of the ESET Latin America Research Lab.

ESET compiled amazing, truly real, and recent cases

Lionel Messi: The Argentine football player is one of the most recognized personalities worldwide. In this case, cybercriminals exploited his popularity to carry out a deepfake scam, promoting an app that promised suspiciously high and irresistible earnings. The app in question was called “Wildcat Dive,” and in the fake video, Messi claimed it was one of his main sources of income and that it had helped many people earn money. Through advertisements on the social network Instagram, the cybercriminals distributed snippets of a fabricated interview, which was based on a real interview the footballer had given to a well-known Argentine streaming program.

Arup: In early 2024, the architectural firm that designed the Sydney Opera House and the Etihad Stadium, Arup, made headlines when a financial employee at the company’s Hong Kong office received a video call from (allegedly) the company’s CFO. The result of the meeting was 15 transfers totaling over $25 million. The bad news is that it was actually a deepfake, so the transfers had not been approved by anyone in the company.

Ferrari: In this case, cybercriminals attempted a deepfake voice scam, impersonating Benedetto Vigna, the CEO of the automotive company. In July 2024, using voice imitation, they tried to convince the company’s finance executives to make a large money transfer. One of the employees became suspicious and asked a question that the AI ​​used in the scam could not answer correctly. Not only did this attack fail, but it prompted Ferrari to reinforce its employee training to prevent similar scams in the future.

WPP: One of the world’s largest advertising companies was also the target of a scam attempt involving a deepfake. In mid-2024, cybercriminals used a fake WhatsApp account, a voice recording, and YouTube footage of a virtual meeting to impersonate the company’s CFO, Mark Read. The malicious actors organized a meeting via Microsoft Teams, under the pretext of creating a new company, and used this as a lure to obtain money and sensitive personal data from the company. According to WPP, this attack was unsuccessful thanks to the company’s vigilance and the training its employees received to detect these scams.

School in Baltimore: Not only high-profile companies are targeted by deepfakes. In this case, a school principal was heard making racist and antisemitic comments. The incident went viral (over 2 million views) and resulted in death threats against the educator. After an investigation, local police confirmed that the audio was a fake, manipulated with AI.

Elon Musk: A cryptocurrency investment scam used Elon Musk’s image to spread ads on X and YouTube, promoting supposed investment opportunities that promised high returns on Bitcoin. The ads included a link to a fraudulent website where unsuspecting users were asked to make initial deposits to participate in the alleged investment. According to the US Federal Trade Commission, the scam, which included deepfakes, resulted in losses of over $80 million for more than 7,000 victims who believed in the supposed investment.

President Zelensky: Politics was also affected by deepfake scams. In March 2022, during the conflict between Russia and Ukraine, a fake video circulated showing Ukrainian President Volodymyr Zelensky urging his troops to surrender. The president responded almost immediately with a genuine video posted on his official channels.

While deepfake scams are becoming increasingly realistic and difficult to detect, ESET shares some best practices to reduce the risk of falling victim to these types of scams

• Be wary of eye-catching advertisements that offer an opportunity for easy and unrealistic gains. Also be suspicious of those that feature well-known celebrities.
• Pay attention to the video quality: if there are visual glitches, poor synchronization, or low resolution, it is likely a deepfake.
• Use security software on all devices to help block fake websites and emails containing malicious content.
• For businesses, it is important to not authorize payments solely based on a phone call or video call. Consider using keywords or internal codes as an additional verification method.
• Continuous training is essential: being trained to recognize the warning signs of deepfakes and scams is another key practice.
• Take advantage of the tools currently available to detect deepfakes and combat misinformation.

ESET invites you to learn more about cybersecurity by visiting: https://www.welivesecurity.com/es/.

For additional useful preventative information, visit ESET’s website in Venezuela: https://www.eset.com/ve/, and follow them on social media @eset_ve. Also on Instagram (@esetla) and Facebook (ESET).

Information and images courtesy of ESET and Comstat Rowland

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