According to BlockBeats, on July 24, Elon Musk, founder of Tesla and SpaceX, said in an interview with The Economist's 90 Minutes that artificial intelligence may surpass human intelligence within the next 5 years, and predicted that AI and robots may drive the world into an "era of high affluence" in the next 10 years or so.

Musk believes that when artificial intelligence systems and robots possess sufficiently powerful digital intelligence and production capabilities, the global economy may approach a state of "unlimited supply," human work will no longer be a necessity for survival, and the importance of currency may gradually decline.

He stated that if there are enough robots in the future, society will have a "quasi-infinite economy," where artificial intelligence will be able to produce goods and services exceeding human consumption capacity. He even predicted that by around 2036, the importance of the traditional monetary system may significantly decrease.

Regarding future economic operating models, Musk stated that governments may maintain social operations by directly distributing funds to the public, and believes that the increased productivity brought about by AI may lead to deflation rather than inflation.

However, Musk acknowledged that the economic structure of the AI era may differ significantly from traditional economic principles, particularly regarding corporate profit models, government funding sources, and social transformation.

In addition, Musk discussed the integration of AI with space development. He stated that data centers deployed in space might be used to support artificial intelligence computing in the future, and reiterated the long-term plan for human exploration of Mars.

In the interview, Musk also reflected on his previous experience in the Trump administration's Department of Government Efficiency (DOGE). He admitted that he had devoted too much energy to politics and had been "somewhat misled," and said that if he could choose again, he might devote more time to his business.

According to BlockBeats, on July 24th, Hyperinsight monitoring showed that as of press time, the largest single order for related technology stocks appeared on Hyperliquid, with one intraday swing trader (0x4e2) placing 209 orders totaling approximately $30.679 million. A contingency plan covering "AMD low-level long position, memory rebound plus short position" was displayed on the order book.

Stop loss on AMD: It currently holds approximately $6.051 million in short positions in AMD, with a floating loss of approximately $74,000; it has placed buy orders for $4.012 million at $542.4 to $544.6 to reduce its short positions, planning to reduce approximately two-thirds of its short positions first.

AMD reversed course and went long: Buy orders totaling $16.444 million were placed between $531 and $541. The price declined, and short positions were closed around $540.48, triggering a reversal. Subsequent orders were filled, indicating a shift to long positions. If all orders were filled, the final long position is estimated at approximately $14.659 million, with an expected average price of approximately $537.7.

MU rebound and shorting: A sell order of $8.187 million was placed between $1012 and $1080. If all of them are filled, the short position in MU will expand to approximately $7.76 million based on the current mark price, with an average price of approximately $1038.3.

SNDK rebound to add to short positions: A sell order of $2.036 million was placed between $1675 and $1849. If all of them are filled, the short position in SNDK will expand to approximately $1.946 million based on the current mark price, with an average price of approximately $1700.7.

Currently, there are no stop-loss orders that could be triggered, and there are no take-profit orders for MU and SNDK. The overall strategy is to close short positions at breakeven when AMD falls, then go long again, and add to short positions when the storage sector rebounds.

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