AI still far more expensive than humans in most jobs: MIT study.

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    • Subject Terms:
      MASSACHUSETTS Institute of Technology; ARTIFICIAL intelligence; GENERATIVE artificial intelligence
    • Abstract:
      A recent study conducted by researchers at MIT, titled "Beyond AI Exposure," challenges the notion that AI will replace human jobs. The study found that it is still more cost-effective to use humans for most jobs in the US. Only 23% of worker wages for vision tasks would be attractive to automate at current costs. However, the study acknowledges that AI could overtake humans if deployment costs decrease or if AI-as-a-service platforms are utilized. The study also highlights the lack of clarity and specificity in previous reports on automation, emphasizing the need for a more economically grounded approach to estimating task automation. [Extracted from the article]
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