Jan 22, 2024

“Humans are still cheaper than AI for many Jobs” — Report

Posted by in categories: employment, robotics/AI

A report by the Massachusetts Institute of Technology (MIT) has revealed that it is still cheaper to use humans for certain jobs than artificial intelligence (AI).

This comes amid concerns that AI will replace many jobs currently handled by humans. The report suggests that AI cannot replace the majority of jobs in cost-effective ways at present.

In a study addressing fears about AI replacing humans in various industries, MIT established that using AI to replace humans is only profitable in a few industries.

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