Altman contradicts Musk's 'money won't matter in 10 years' claim, shares his AI prediction
Ashley Paul, Published on Aug 3rd, 2026

OpenAI CEO Sam Altman contradicted xAI CEO Elon Musk's prediction that money won't matter in another 10 years, as "civilisation will either be gone or AI/robotics will eliminate scarcity". "Clearly, I think money will still matter," Altman said. "I think [AI] will make a lot of things much cheaper...But I think...it won't just magically solve wealth inequality," he predicted.
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