Top economist Steve Hanke does not agree with Elon Musk on ‘free AI’, calls it ‘disconnect from reality’
Economist Steve Hanke refutes claims that artificial intelligence will become free. He states AI infrastructure demands massive capital and physical resources, making zero-cost access impossible. Hanke also rejects predictions of widespread job losses due to automation. He argues that replacing human workers with AI will often prove too expensive for businesses. The finite availability of resources will ultimately dictate the pace of AI development.
Economist Steve Hanke refutes claims that artificial intelligence will become free. He states AI infrastructure demands massive capital and physical resources, making zero-cost access impossible. Hanke also rejects predictions of widespread job losses due to automation. He argues that replacing human workers with AI will often prove too expensive for businesses. The finite availability of resources will ultimately dictate the pace of AI development.
