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Elon Musk has unveiled several major predictions: AI will complete all work in the digital sector by the end of next year, and humanoid robots will outperform all of humanity in productivity within a decade.

2 days ago

Elon Musk delivered a speech via video link at the G20 Central Bank Governors and Finance Ministers Summit held in Asheville, North Carolina, unveiling several major predictions. He stated that AI software will become extremely capable within 12 to 18 months, reaching the "Stockfish level" at some point next year—meaning humans will no longer be able to compete with AI in software development. By the end of next year, AI will be capable of handling all tasks in the digital domain, i.e., all work that does not require manual physical creation. Musk roughly estimated that AI could boost the global economy by 20% to 30%, equivalent to an annual increase of $20 trillion to $30 trillion. In the robotics sector, Musk made his most radical prediction: at least 1 billion humanoid robots will exist globally within a decade, each with at least five times the productivity of a human, such that their combined output will exceed that of all humans. The practicality of humanoid robots depends on the product of AI software performance, AI chip performance, and mechatronic flexibility—all three metrics are currently improving exponentially, and robots will begin manufacturing other robots, leading to recursive explosive growth. Musk also warned that AI development faces a severe power bottleneck. It is projected that by 2027, AI chips will face a power gap of at least 15 gigawatts. AI chip production is growing at an annual rate of 40% to 50%, while available power outside China is increasing by only 10% to 20% annually, creating a severe imbalance in growth rates. Multiple companies including Google and Anthropic are already leasing computing power from SpaceX, as the aerospace firm has resolved its power supply issues by building its own power plants. In addition, Musk called on regulators to adopt a "presumption of legality" rather than "presumption of illegality" approach to new technologies like AI, encouraging and embracing their development.

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New meme coin Stonks on BSC hits $2.5 million market cap in just one hour post-launch.

According to GMGN market data, the new meme coin Stonks on the BSC chain reached a market cap of $2.5 million just 1 hour after its launch, and is currently priced at $2.52 million. Inspired by BSC's official trading event "BNB Stonks Szn" (the term "Stonks" is also American slang, a play on "Stocks"), this meme coin is paired with the tokenized US stock QQQ (Invesco QQQ Trust, which tracks the Nasdaq 100 Index) on BSC. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.

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US stock markets will be closed next Monday, with trading in gold, silver and oil ending early.

Due to the US Labor Day holiday, US and Canadian stock markets will be closed for one day on September 7 (next Monday). Trading in precious metals and US crude oil futures contracts on CME Group will end early at 02:30 Beijing Time on September 8, while stock index futures trading will conclude early at 01:00 Beijing Time. Trading in Brent crude oil futures contracts on Intercontinental Exchange (ICE) will also end early at 01:30 Beijing Time on September 8. Investors are advised to take note of these schedule adjustments.

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Robinhood Chain is gradually resuming normal block production.

According to GMGN data, on-chain transaction activity on the Robinhood network has gradually resumed. However, the network’s on-chain browser indicates that its block count remains stuck at the level of four minutes ago.

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Hassett praised the non-farm payrolls report data as "very strong".

U.S. White House National Economic Council Director Hassett praised the non-farm payroll report data as "very strong".

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BNB Chain has launched the $4 million "BNB Stonks Szn" campaign, and Bonk Guy is likely to be its biggest beneficiary.

BNB Chain has announced the launch of its multi-week meme trading season "BNB Stonks Szn," with a total prize pool of $4 million. From September 4 to 12, eligible meme tokens paired with bStocks will compete for rankings on the meme leaderboard. The prize pool will be distributed weekly and increase incrementally each week. The first week’s prize pool stands at $400,000, allocated based on the HODLer Index (Diamond Hand Index), with the top three meme token holder communities unlocking airdrops. The index is calculated based on holding size and duration, with data tracked starting July 27, 2026; selling midstream will reduce scores. Eligibility requires individual meme token holdings of at least $100. The first week’s results and airdrop amounts will be announced by BNB Chain’s official X account at 15:00 UTC on September 11, with rewards sent directly to eligible wallets in BNB. Notably, MarsCoin is currently the largest market cap meme token paired with bStocks on BNB Chain, and on-chain data shows crypto KOL Bonk Guy is its largest individual holder.

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Robinhood Chain experiences an outage, suspending new block production for more than 4 minutes.

According to on-chain data, the Robinhood blockchain is suspected to be down, with new block generation suspended for over 4 minutes.

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