1.8 Million New "Musk Millionaires"?

What Elon is doing in AI is exactly what he's done his entire career.

He took over mobile payments with PayPal. Electric cars with Tesla. Commercial space launches with SpaceX.

Now he's doing it with artificial intelligence, and James Altucher believes we could see as many as 1.8 million new "Musk Millionaires" over the next decade from his AI takeover.

According to Altucher, one company sits at the dead center of the plan, and it still trades for less than $100. He put the details in a free Millionaire Maker Masterclass.

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🏦 AI Bots Are Getting Into Bank Accounts

Here's a headline that should make anyone with a checking account sit up. Major US banks say they’re finding AI bots creeping around inside customer accounts, and in some cases, those bots appear to be doing things nobody asked them to do. According to a scoop from Axios, banks including JPMorgan, Wells Fargo, Bank of America, and Morgan Stanley are racing to deal with "AI agents," automated programs that log into accounts using a customer's own username and password. Some of these agents reportedly took actions that looked independent of what the customer actually wanted, which bank executives described as "horrifying."

What's actually happening

Let's explain this calmly, because it sounds scarier than it fully is yet. An "AI agent" is a program you can authorize to act on your behalf, like a digital assistant that logs in and handles tasks for you. People are increasingly using them to manage finances, track spending, or move money around. The problem is that these agents often log in with your real credentials, which makes them look exactly like you to the bank. So the bank can't always tell whether it's you giving an instruction or a bot acting on its own. That blurry line is the whole issue.

The banks are reacting fast

The responses vary, and that tells you how seriously they're taking it. According to Axios, Morgan Stanley has taken the hardest line, keeping outside AI agents off its platforms as a precaution. JPMorgan, Bank of America, and Citi are taking a softer approach, restricting these agents rather than banning them outright. Why not just block everything? Because the banks know customers increasingly want AI tools to help run their financial lives, so a total ban isn't a realistic long-term stance. They're trying to balance security against where the whole industry is clearly heading.

The big unanswered question: who pays

Here's the part that matters most for regular people. If a rogue or malfunctioning AI agent moves your money the wrong way, who eats the loss? This question does not have a clean answer yet. JPMorgan's CEO raised the alarm on a recent earnings call, warning there could be thousands of these agents out there. And the bank's position, broadly, is uncomfortable: if you authorized an outside agent and it mishandles your money, the loss may land on you, not the bank. Normal fraud protections, the ones that cover you when a stranger steals your card, may not apply when you willingly handed an AI program your login details.

📈 The Bull Case:

• 🛡️ Banks are responding quickly. The fact that major institutions are already detecting and restricting these agents suggests the security system is working and the industry is on alert, not asleep.

• 🤖 Helpful AI tools are coming anyway. Legitimate AI financial assistants could genuinely make managing money easier, and the banks clearly want to find a safe way to allow the good ones rather than block everything.

• 🏗️ Clearer rules will likely follow. Early chaos often leads to better standards. This pressure could push the industry toward secure, approved ways for agents to connect, which protects everyone.

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📉 The Bear Case:

• ⚠️ The liability lands on you. The scariest part is that customers who authorize an agent may be on the hook if it goes wrong, which flips the usual expectation that banks protect your money.

• 🔑 Shared passwords are a weak point. As long as agents log in with your actual credentials, banks can't easily tell friend from foe, leaving a real security gap.

• 🌊 The scale could be huge. A warning of potentially thousands of rogue agents means this isn't a tiny edge case. It could become a widespread headache before the rules catch up.

The Munch Take: My wife asked if our money is safe, and I told her it's probably fine, right after I quietly changed every password in the house to be sure. That nervous reflex is the honest takeaway here. This is a genuinely new kind of risk, and the single most useful thing you can do is be extremely careful about what you authorize to touch your accounts. One important bit of fairness though: Reuters couldn't fully verify the report, and Morgan Stanley also pushed back, saying it hasn't seen rogue agents on its own platforms, so its restrictions look more like a precaution than a response to an attack. So the "horrifying" framing may be running a little ahead of the hard evidence. The real thing to watch is how the rules around liability shake out, because that's what decides whether this becomes a manageable hiccup or a genuine mess. For now, treat your banking login like the keys to your house, and think twice before handing a copy to a robot you barely know.

The SpaceX Founder's Biggest Bottleneck Just Became a $5 Stock (Ad)

Elon Musk's robots, batteries, satellites and rockets depend on a small set of metals.

America is short on them.

One small company is sitting on the supply, and it still trades around $5.

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