Dossier
Steve Hanke
Coverage of Steve Hanke in the Nexus archive.
- Top economist Steve Hanke told us why he doubts AI will be the job destroyer many expect
Steve Hanke argues AI's high costs and resource demands limit its threat to jobs, suggesting human labor remains cheaper. He criticizes AI visionaries and notes big tech's significant investments in AI infrastructure.
- Why IBM just suffered its worst stock crash of all time—and what it says about the market’s two bubbles
IBM experienced its worst single-day stock crash, losing 25% and $40 billion in market value after missing revenue expectations by 3.7%. Analyst Steve Hanke highlighted a 'dual bubble' in AI markets, contrasting IBM's collapse with record earnings from banks like JPMorgan and Goldman Sachs.