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[ARTICLE · art-77530] src=independent.co.uk ↗ pub= topic=artificial-intelligence verified=true sentiment=· neutral

Musk claim that AI will end need for retirement savings echoed by US Treasury Secretary

US Treasury Secretary Scott Bessent echoed Elon Musk's claim that artificial intelligence will eliminate the need for retirement savings within 10 to 20 years, agreeing with Musk's vision of AI-driven abundance but suggesting Musk's timeline is 'ahead of the curve.'

read1 min views1 publishedJul 28, 2026
Musk claim that AI will end need for retirement savings echoed by US Treasury Secretary
Image: Independent (auto-discovered)
  • The SpaceX CEO believes AI will surpass human intelligence in a few years, rendering cash meaningless.
  • A figure identified as 'the Treasury Secretary' agreed with Musk's perspective during a Fox News interview on Monday (27 July).
  • This individual, however, suggested that Musk's timeline for these developments is 'ahead of the curve'.
source & further reading
independent.co.uk — original article Treasury Secretary parrots Elon Musk’s claim that Americans won’t need to save for retirement because of AI’s abundance Four questions every parent should ask before posting pictures of their child online iOS 26.6 now available – why you should update your iPhone immediately
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