Study: AI Costs Too High, Only 23% of Visual Jobs Can Be Replaced
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Based on research from the MIT Computer Science and Artificial Intelligence Laboratory, the pace at which AI may replace manual workers could be much slower than many anticipate. This is largely due to the high cost of visual AI for businesses. Only by reducing the deployment costs of AI and expanding its application scope can automation become more appealing to enterprises. The research indicates that the loss of jobs due to AI is gradual, allowing governments to implement policies and retraining programs to mitigate the impact of unemployment. The rapid advancement of AI technology has raised concerns about job security, and the current costs of AI applications might lead employers to prefer retaining their existing staff.
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