Monday, 3 August, 2026
"Idiotic Economic Reasoning": Top Economist Slams Elon Musk’s "Free AI" Vision
By TechShots Studio
Economist Steve Hanke has dismissed Elon Musk’s predictions of a "free AI" post-scarcity future, calling them a disconnect from reality. Hanke emphasized that generative AI relies on high-cost physical infrastructure—such as massive electricity, GPUs, and cooling water—making zero-cost AI impossible. He also pushed back against widespread automation, arguing high deployment costs will keep companies from fully replacing human workers.
Read full story at TIMES OF INDIA