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Elon Musk says saving for retirement is irrelevant because AI is going to create a world of abundance: ‘It won’t matter’

Musk said a “supersonic tsunami” of AI and robotics will bring about a world of zero scarcity.

By Marco Quiroz-GutierrezJanuary 12, 2026
vervet
Monkeys are on the loose in St. Louis, and AI-generated jokes are just slowing down animal control’s primate chase
By Heather Hollingsworth and The Associated PressJanuary 12, 2026
google
‘Apple Intelligence,’ powered by Gemini, marks a ‘major validation moment for Google,’ top tech analyst says
By Michael Liedtke and The Associated PressJanuary 12, 2026
grok
Grok blocked in Malaysia and Indonesia as sexual deepfake scandal builds
By Eileen Ng, Edna Tarigan and The Associated PressJanuary 12, 2026
‘Godfather of AI’ says the technology will create massive unemployment and send profits soaring — ‘that is the capitalist system’
By Jason MaJanuary 12, 2026
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Big Tech
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Photo of Jeff Bezos
Jeff Bezos tells Gen Z entrepreneurs to gain work experience before launching new companies: ‘I started Amazon when I was 30’

The Amazon founder reminds Gen Z that Mark Zuckerberg and Bill Gates are the exception.

By Sydney LakeJanuary 12, 2026
A cautionary Hollywood tale: the Ellisons’ lose-lose Paramount positioning

Hollywood history is a trail littered with cautionary tales, and Netflix’s Greg Peters and Ted Sarandos have framed a lose-lose coin toss for the Ellisons.

By Jeffrey Sonnenfeld and Stephen HenriquesJanuary 12, 2026
Magnificent 7’s stock market dominance shows signs of cracking

Profits for the Magnificent 7 are expected to climb about 18% in 2026, the slowest pace since 2022 and not much better than the 13% rise projected for the other 493 companies in the S&P 500.

By Jeran Wittenstein, Ryan Vlastelica and BloombergJanuary 11, 2026
More in Big Tech
Startups & Venture
More in Startups & Venture
An anonymous Polymarket trader made $400,000 betting on Maduro’s downfall—and now Washington wants answers

One congressman wants to pass a bill that would ban government employees from insider trading on prediction markets. But is it enough?

By Leo SchwartzJanuary 12, 2026
How a Harvard grad helped make Hyperliquid the biggest new player in crypto—with just 11 people and no venture funding

Following the collapse of FTX, Hyperliquid founder Jeff Yan has cut a figure as the anti-SBF.

By Ben Weiss and Leo SchwartzJanuary 12, 2026
World Liberty Financial’s bid for a U.S. bank charter raises new questions about Trump’s crypto conflicts

World Liberty Financial became the latest crypto company to apply for a banking charter from the Trump administration.

By Leo SchwartzJanuary 12, 2026
More in Startups & Venture
AI
More in AI
Illustration of Elon Musk in front of the xAI logo.
U.K. investigation into X over allegedly illegal deepfakes risks igniting a free speech battle with the U.S.

The U.K.’s online safety regulator has opened a formal investigation into X over allegedly illegal deepfakes created by its Grok AI chatbot.

By Beatrice NolanJanuary 12, 2026
Google’s Sergey Brin admits he’s hiring ‘tons’ of workers without degrees: ‘They just figure things out on their own in some weird corner’

Google cofounder Sergey Brin studied graduate computer science at Stanford—but admits Gen Z no longer needs a degree to land a high-paying job at the tech giant.

By Preston ForeJanuary 12, 2026
Malaysia and Indonesia move to ban Musk’s Grok AI over sexually explicit deepfakes

This week, Malaysia and Indonesia have become the world’s first countries to take action against xAI’s Grok chatbot, which was found to be used to generate fake pornographic content.

By Angelica AngJanuary 12, 2026
More in AI
Innovation
More in Innovation
Help Coins2Day find Europe’s Most Innovative Companies 2026

Coins2Day and Statista have joined forces to spotlight Europe’s Most Innovative Companies – and you’re invited to help find them.

By Coins2Day EditorsJanuary 12, 2026
Singapore-based startup founder Anand Roy thinks generative AI can help fix a broken music sector

Roy started Wubble in 2024; now his generated tunes are used by global giants and even the Taipei Metro, to soothe harried commuters. 

By Angelica AngJanuary 8, 2026
Founder of $30 billion defense tech company Anduril embraces Trump’s threat to crack down: It’s ‘good to scare people sometimes’

When dealing with public money “the public should be able to impose whatever restrictions they want on you,” Luckey said.

By Marco Quiroz-GutierrezJanuary 8, 2026
More in Innovation
Cybersecurity
More in Cybersecurity
A screen displays the Grok logo while a person holds another phone in front.
Lawmakers and victims criticize the choice to limit Grok’s AI image generation to paid users as ‘insulting’ and ‘not effective’

The restriction comes as regulators worldwide threaten enforcement action over Grok’s generation of thousands of non-consensual deepfakes per hour.

By Beatrice NolanJanuary 9, 2026
Mass shootings on campus give rise to a new kind of life-saving service journalism: an anonymous message board called Sidechat

Described by Harvard Magazine as “the College’s stream of collective consciousness,” Sidechat allows anyone with a verified university email to post.

By Leah Willingham and The Associated PressJanuary 8, 2026
Exclusive: Invictus-backed cybersecurity company ThreatModeler acquires competitor IriusRisk for over $100 million

As AI coding increases, so does the need for robust cybersecurity practices, CEO Matt Jones told Coins2Day.

By Leo SchwartzJanuary 8, 2026
More in Cybersecurity
Latest Stories
trump, powell
CommentaryIs Powell’s Fed head independence dead? It’s just one more diversionary trick as Trump outfoxes himself
By Jeffrey Sonnenfeld and Stephen HenriquesJanuary 12, 2026
Health5 daily tasks that can double as exercise
By Molly Liebergall and Morning BrewJanuary 12, 2026
EconomyForget the K-shaped economy, market veteran Ed Yardeni says—instead, it’s boomers hoarding wealth while Gen Z struggles to build it
By Tristan BoveJanuary 12, 2026
Exxon Mobil CEO Darren Woods, seated to the right, listens as U.S. President Donald Trump, left, speaks during a meeting with oil company executives in the East Room of the White House in Washington, DC on Jan. 9, 2026. President Trump is aiming to convince oil executives to support his plans in Venezuela, a country whose energy resources he says he expects to control for years to come. U.S. forces seized Venezuelan president Nicolas Maduro in a sweeping military operation on Jan. 3, with Trump making no secret that control of Venezuela's oil was at the heart of his actions.
EnergyTrump threatens to keep ‘too cute’ Exxon out of Venezuela after CEO provides reality check on ‘univestable’ industry
By Jordan BlumJanuary 12, 2026
Personal FinanceBest checking accounts for January 2026
By Glen Luke FlanaganJanuary 12, 2026
Personal FinanceBest online banks of January 2026
By Glen Luke FlanaganJanuary 12, 2026
CryptoFormer New York Mayor Eric Adams has a new act as a crypto entrepreneur—though details of his ‘NYC Token’ remain vague
By Leo Schwartz and Ben WeissJanuary 12, 2026
ali
PoliticsMuhammad Ali once joked he should be on a stamp because ‘that’s the only way I’ll ever get licked.’ Wish granted
By Susan Haigh and The Associated PressJanuary 12, 2026
More TechPage 11 of 100
Sarandos
CommentaryNetflix, Warner, Paramount and antitrust: Entertainment megadeal’s outcome must follow the evidence, not politics or fear of integration
By Satya MararDecember 12, 2025
Elon Musk, wearing a black DOGE hat, looks forward. He is standing in the Oval Office.
PoliticsDOGE isn’t dead—it’s been absorbed into the bloodstream of the government, federal employees say
By Sasha RogelbergDecember 12, 2025
InvestingRetail investors drive stocks to a pre-Christmas all-time high—and Wall Street sees a moment to sell
By Jim EdwardsDecember 12, 2025
NewslettersDisney plus OpenAI: What could possibly go wrong?
By Alexei OreskovicDecember 12, 2025
Disney CEO Bob Iger in Los Angeles, California on November 20, 2025.(Photo: Unique Nicole/AFP/Getty Images)
NewslettersDisney and OpenAI do a deal
By Andrew NuscaDecember 12, 2025
CommentaryLeading the agentic enterprise: What the next wave of AI demands from CEOs
By François Candelon, Amartya Das, Sesh Iyer, Shervin Khodabandeh and Sam RansbothamDecember 12, 2025
CryptoExclusive: YouTube launches option for U.S. creators to receive stablecoin payouts through PayPal
By Ben WeissDecember 11, 2025
Five panelists seated; two women and five men.
AIThe race to deploy an AI workforce faces one important trust gap: What happens when an agent goes rogue?
By Amanda GerutDecember 11, 2025
Stephanie Zhan, Partner Sequoia Capital speaking on stage at Coins2Day Brainstorm AI San Francisco 2025.
AIHighlights from Coins2Day Brainstorm AI San Francisco
By Jeremy KahnDecember 11, 2025
Sam Altman
Arts & Entertainment‘We’re not just going to want to be fed AI slop for 16 hours a day’: Analyst sees Disney/OpenAI deal as a dividing line in entertainment history
By Nick LichtenbergDecember 11, 2025
InnovationBackflips are easy, stairs are hard: Robots still struggle with simple human movements, experts say
By Nicholas GordonDecember 11, 2025
Iger
AI‘Creativity is the new productivity’: Bob Iger on why Disney chose to be ‘aggressive,’ adding OpenAI as a $1 billion partner
By Nick LichtenbergDecember 11, 2025
OpenAI CEO of Applications Fidji Simo
AIOpenAI aims to silence concerns it is falling behind in the AI race with release of new model GPT-5.2
By Jeremy KahnDecember 11, 2025
Sam Altman, CEO of OpenAI, speaks to the media as he arrives at the Sun Valley Lodge for the Allen & Company Sun Valley Conference on July 11, 2023 in Sun Valley, Idaho.
AIOpenAI and Disney just ended the ‘war’ between AI and Hollywood with their $1 billion Sora deal—and OpenAI made itself ‘indispensable,’ expert says
By Eva RoytburgDecember 11, 2025
AIBob Iger says Disney’s $1 billion deal with OpenAI is an ‘opportunity, not a threat’: ‘We’d rather participate than be disrupted by it’
By Marco Quiroz-GutierrezDecember 11, 2025
ellison
AIOracle slides by most since January on mounting AI spending
By Brody Ford, Ian King and BloombergDecember 11, 2025
Kushner
Middle EastParamount’s Mideast backing likely runs deeper than $24 billion
By Adveith Nair and BloombergDecember 11, 2025
Late Apple cofounder Steve Jobs
SuccessApple’s Steve Jobs told students to never ‘settle’ in their careers: ‘If you haven’t found it yet, keep looking’
By Emma BurleighDecember 11, 2025
Oracle co-founder, CTO and Executive Chairman Larry Ellison listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on February 03, 2025 in Washington, DC.
InvestingOracle’s huge AI bets are spooking Wall Street—a 12% plunge wiped out the market’s early gains
By The Associated PressDecember 11, 2025
A sign for Time magazine is displayed outside the New York Stock Exchange on Thursday, Dec. 11, 2025 in New York.
AITime names ‘Architects of AI’ as its 2025 Person of the Year, a year when the tech’s ‘full potential roared into view’
By Mike Catalini and The Associated PressDecember 11, 2025
A Waymo robotaxi drives along The Embarcadero on December 08, 2025 in San Francisco, California. Self-driving taxi company Waymo said it is voluntarily recalling software in its autonomous vehicles after Texas officials documented at least 19 incidents this school year in which the cars illegally passed stopped school buses, including while students were getting on or off.
LawA San Francisco woman just gave birth in a Waymo robotaxi—and Waymo says it’s not the first time that’s happened
By Janie Har and The Associated PressDecember 11, 2025
Sarandos
CommentaryNetflix’s takeover of Warner Brothers is a nightmare for consumers
By Ike BrannonDecember 11, 2025
Musk
Big TechElon Musk admits DOGE was only ‘somewhat successful’ and he should have ‘worked on my companies’ instead
By Bill Barrow and The Associated PressDecember 11, 2025
Dresser
AISlack CEO leaves Salesforce to become OpenAI’s first revenue chief, tackle multibillion-dollar losses
By The Associated PressDecember 11, 2025
Sundar
CybersecurityGoogle illegally scraped the web to fix its AI problems and catch up to OpenAI, European regulators probe
By Kelvin Chan and The Associated PressDecember 11, 2025
Warren
Big TechWarner Bros. merger fight draws fire across U.S. political divide
By Hannah Miller and BloombergDecember 11, 2025
OpenAI
LawOpenAI, Microsoft face wrongful death lawsuit over ‘paranoid delusions’ that led former tech worker into murder-suicide
By Dave Collins, Matt O'Brien, Barbara Ortutay and The Associated PressDecember 11, 2025
Trump
Big TechTrump says Warner Bros. deal should include sale of CNN
By Christopher Palmeri and BloombergDecember 11, 2025
netflix
Big TechNetflix looks to become Debtflix again to fund Warner Bros. acquisition
By Emily Graffeo and BloombergDecember 11, 2025
AIHinge’s founder and CEO is stepping down to start a new AI-first dating app
By Marco Quiroz-GutierrezDecember 11, 2025
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Economy
‘Sell America’: Investors dump U.S. assets in fear of the end of Fed independenceAn image of a popular article
By Jim EdwardsJanuary 12, 2026
Economy
Treasury spent $276 billion in interest on the national debt in the final three months of 2025, says the CBO—up $30 billion from a year priorAn image of a popular article
By Eleanor PringleJanuary 12, 2026
AI
This CEO laid off nearly 80% of his staff because they refused to adopt AI fast enough. 2 years later, he says he'd do it againAn image of a popular article
By Nick LichtenbergJanuary 11, 2026
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