Musk's robo-utopia spurs a billionaire robotics race

Elon Musk envisions a future where billions of humanoid robots do all work, eliminating poverty and making labor optional, as Tesla pivots to robotics and SpaceX backs AI software via xAI. A wave of billionaire investments in robotics—often called “physical AI”—could reshape industry and society, but experts warn of potential job displacement and widening inequality as automation accelerates.