Because of this, AI may not “steal” these occupations just yet

Human occupations are already beginning to be replaced by artificial intelligence, and many businesses are choosing to use AI-powered systems to do their tasks. Reassuringly, a new research from the Massachusetts Institute of Technology (MIT) suggests that economic limitations may prevent AI from being ready to replace human workers in certain situations.

It may be costly to use AI in particular job kinds.
According to a recent research from MIT, automating work comes with a cost, particularly for jobs involving photos and videos that call for the use of computer vision software that extracts data from these types of media. According to the survey, businesses may have to pay a high price to execute this, at least initially.
According to an MIT research, businesses might automate around 23% of worker pay associated with AI computer vision jobs at a reasonable cost. Because deploying and maintaining AI-assisted visual recognition technology will have up-front costs, this also makes certain positions hesitant to use AI.
By identifying activities that are susceptible to AI automation and evaluating the financial viability of using the technology, the research offers a novel viewpoint. This MIT study adopts a more thorough approach than prior studies, which often focused on the jobs and functions most vulnerable to AI automation without exploring the economic ramifications.
“During periods of fast technological progress, the belief that “machines will take our employment” is common. The development of huge language models has brought back this kind of concern, according to the MIT researchers.
By explicitly assessing the technological and financial feasibility of AI systems, the MIT research promotes itself as a trailblazing endeavor in this regard and provides a practical viewpoint on the continuing discussion around AI’s potential effects on the workforce.