Human workers still have one crucial advantage over AI - but you might not be happy to hear what it is

Date:
Tue, 23 Jan 2024 17:15:26 +0000

Description:
MIT study finds AI is too expensive for us to benefit from, and it could take decades before it threatens human workers.

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According to a new study conducted by researchers are the Massachusetts Institute of Technology (MIT) (via SiliconAngle ), increasing concern that AI could replace human workers imminently is unwarranted because humans are cheaper to use.

The Beyond AI Exposure study, financed by the MIT-IBM Watson AI Lab, delves into the practicalities of implementing AI systems in various industries, focusing gon tasks requiring computer vision skills.

Using generous predictions of AI cost reductions, MITs researchers noted that it would still take several years for AI to become a viable option to replace humans, and even then, its extent would be very limited. AI wont replace workers for a long time

The report estimates that, even with a high 50% annual cost decrease, it
would take until 2026 before 50% of the vision tasks would have a machine economic advantage. The researchers added:

By 2042 there will still exist tasks that are exposed to computer vision, but where human labor has the advantage.

In fact, with a much less generous 20% annual cost reduction for AI systems, MITs analysis reveals that it would take decades before replacing computer vision task human workers with AI would become economically viable.

Thats because the impressive analysis and recognition tasks are only possible thanks to immensely powerful and costly systems.

The MIT study also raised artificial intelligences reliance on statistical
and symbolic reasoning, whereas human intelligence covers a much larger area, including conscious and subconscious thoughts.

Banking, marketing, healthcare, legal, retail, and transportation are all sectors that could significantly benefit from some automation, and a separate Goldman Sachs study revealed that around 18% of the global workforce could be displaced or replaced by generative AI.

However, that same study also offers a far less worrying outlook that generative AI could raise annual US labor productivity growth by just under 1.5pp over a 10-year period following widespread adoption. Increased productivity can only be good news, but the long period over which were
likely to see a small boost is somewhat confidence-inspiring for the future
of human jobs.

The scale of AIs effects on the world are yet to be seen, but thankfully, if these studies are anything to go by, then we can look forward to several more decades of security. More from TechRadar Pro Ready for artificial intelligence? Here are the best AI tools and the best AI writers Could AI actually lead to more human jobs at your business? Weve rounded up a list of the best productivity apps



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Link to news story: https://www.techradar.com/pro/human-workers-still-have-one-crucial-advantage-o ver-ai-but-you-might-not-be-happy-to-hear-what-it-is


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