Billionaire entrepreneur Elon Musk took to resurfacing a video dating back to 1998, when he had predicted the role of the internet in shaping up traditional media. Looking back, his words did not prove wrong as today’s audiences have changed greatly due to the internet.
Musk then answers one such question about the future of the internet: “I think the internet is the superset of all media. It is the fuel and end all of the media. One will see print, broadcast, arguably, radio. essentially all media falling into the internet.” He emphasized the internet’s unique capability to enable interactive, two-way communication, allowing consumers to select what they want to see, when they want to see it, across various formats, including radio, print, and television.
Musk concluded that the internet would indeed “revolutionize all traditional media,” acknowledging that many considered his vision “crazy” at the time for making such an “obvious prediction.”
Currently, Musk has his eyes on delivering fast-speed internet across the world through SpaceX’s Starlink-a network of satellites orbiting the Earth in low orbit. As part of its strategy for the most remote and rural communities, Starlink gives users unlimited data with no contracts and low latency. It is a straightforward, plug-and-play service. The customers can self-install a dish and modem themselves. Starlink, on the reports, is eyeing India’s market to give Jio and Airtel a run for their money.
In a previous statement, Musk estimated that AI could replace all jobs, and this was not something he considered to be a bad thing. Speaking at the Viva Tech event in Paris, he said: “Probably none of us will have a job,” specifying in a future where work might turn to be “optional.” He suggested that humans may opt to work if it were a hobby or just for fun, using AI and robots for most everything. Musk further talked about how this future requires a “universal high income” to underpin it, unlike what is commonly known as UBI-a form of payment from the government to all citizens regardless of earnings.
