2 min listen
Tue Jan-30-2024: MIT says humans cheaper than AI, AWS Courting SMBs, rising cyber costs
FromBusiness of Tech
Tue Jan-30-2024: MIT says humans cheaper than AI, AWS Courting SMBs, rising cyber costs
FromBusiness of Tech
ratings:
Length:
11 minutes
Released:
Jan 30, 2024
Format:
Podcast episode
Description
In this episode of "The Business of Tech," Dave Sobel discusses the findings of a study by MIT on the cost of deploying artificial intelligence (AI) technology. The study reveals that currently, it is more economical for employers to keep human workers, as only 23% of workers' wages for tasks relying on computer vision could be cost-effectively replaced by AI. While AI excels at recognizing patterns and analyzing images, it comes with high installation and maintenance costs and lacks the ability to handle tasks requiring intuition and implicit knowledge. However, industries like banking, marketing, retail, legal services, transportation, and healthcare are still prime candidates for increased automation. The episode also touches on the potential impact of AI on the U.S. economy and job losses in the next decade. Four things to know today00:00 MIT Study: AI Deployment Costs Keep Human Workers More Economical for Now03:30 Rising Costs of Cybersecurity: Average Attack Response Exceeds $5 Million07:49 AWS Supports SMB Market: Introduces Specialized Partner Competency08:44 German Study Confirms Decline in Google Search Quality Due to SEO Spam
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Looking for a link from the stories? The entire script of the show, with links to articles, are posted in each story on https://www.businessof.tech/ Do you want the show on your podcast app or the written versions of the stories? Subscribe to the Business of Tech: https://www.businessof.tech/subscribe/ Support the show on Patreon: https://patreon.com/mspradio/ Want our stuff? Cool Merch? Wear “Why Do We Care?” - Visit https://mspradio.myspreadshop.com Follow us on:LinkedIn: https://www.linkedin.com/company/28908079/YouTube: https://youtube.com/mspradio/Facebook: https://www.facebook.com/mspradionews/Instagram: https://www.instagram.com/mspradio/TikTok: https://www.tiktok.com/@businessoftech
Released:
Jan 30, 2024
Format:
Podcast episode
Titles in the series (100)
Trailer: What is the Business of Tech Podcast?: Each day, the flood of technology news hits. In an industry that always changes, those who deliver technology services need to focus on the information that matters to them. The Business of Tech podcast focuses on the news you... by Business of Tech