AI still far more expensive than humans in most jobs: MIT study
Countering several recent reports that suggest AI will take away millions of jobs, researchers at MIT have found that it is still a lot cheaper to use humans for most jobs in the US.
In a paper titled “Beyond AI Exposure,” MIT FutureTech, along with The Productivity Institute and IBM’s Institute for Business Value offers a detailed evaluation of tasks viable for automation, specifically in the realm of computer vision.
“We find that at today’s costs, US businesses would choose not to automate most vision tasks that have ‘AI Exposure,’ and that only 23% of worker wages being paid for vision tasks would be attractive to automate,” researchers said in the paper.