At the World Economic Forum at Davos last week, many discussions focused on AI displacing the workforce. Artificial intelligence cannot replace the majority of jobs right now in cost-effective ways, the Massachusetts Institute of Technology found in a study that sought to address fears about AI replacing humans in a swath of industries.
In one of the first in-depth probes of the viability of AI displacing labour, researchers modelled the cost attractiveness of automating various tasks in the US, concentrating on jobs where computer vision was employed – for instance, teachers and property appraisers. They found only 23 per […]
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