Posted 1/23/2024, 2:00:00 PM
AI Automation Still Too Costly to Replace Many Human Workers, MIT Study Finds
- Study from MIT finds AI automation currently too expensive to replace some workers
- Focused on roles that use computer vision, finding only 23% of exposed wages worth automating
- AI systems have high upfront costs, making automation uneconomic in many cases
- Study is one of the first to estimate which tasks are cost-effective to automate
- Researchers note previous automation predictions didn't consider economic viability of AI