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Artificial Intelligence
December 20, 2022

Taking Advantage of AI to Complement Human Work

Taking Advantage of AI to Complement Human Work

New mobile apps to keep an eye on

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What new social media mobile apps are available in 2022?

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Use new social media apps as marketing funnels

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Questions raised:

  1. How will AI affect the jobs of the future?
  2. Is AI’s skill set similar to humans, or complementary and different?
  3. How can AI businesses better use limited resources?

With the rise of artificial intelligence (AI), many people fear that their jobs will be taken over by machines. But this doesn’t have to be the case! By understanding the concept of comparative advantage, we can see how AI can actually complement human work rather than replacing it.

What is Comparative Advantage?

Comparative advantage is an economic principle that states that it is more efficient for an individual or organization to specialize in certain tasks, even if they are not the best at that task. For example, a venture capitalist who is an excellent typist might hire a secretary to draft letters for him, as it would be more efficient for him to use his time to do something else.

How Does AI Complement Human Work?

The current wave of AI technology is focused on “general intelligence” – a machine mind that performs all tasks as well as, or better than, the best humans. However, just because a machine can do a task better than a human doesn’t mean that it should do that task. AI applications are resource-intensive, so it is more efficient to use humans to do certain tasks that machines can’t do as well. AI can also provide humans with valuable assistance in completing tasks – for example, AI can provide autocomplete for tasks such as writing or programming.

The Benefits of AI Complementing Human Work

By understanding the concept of comparative advantage and using AI to complement human work rather than replacing it, we can actually create more efficient and valuable jobs for humans. Additionally, AI can provide valuable assistance to humans in completing tasks, freeing up their time to focus on more creative or complex tasks.

By understanding the concept of comparative advantage and using AI to complement human work rather than replace it, we can create more efficient and valuable jobs for humans. AI can provide valuable assistance to humans in completing tasks, while also freeing up their time to focus on more creative or complex tasks.

In this way, AI can actually be used to make human work more valuable and rewarding.

Three key points to remember:

  1. Comparative advantage is the principle that humans will still have jobs even if AI is better at certain tasks.
  2. AI’s skillset is often different from humans’, which increases the complementarity between them.
  3. AI businesses will need to use their resources efficiently in order to make use of the benefits of human workers.