From Fortune:

A study by the Massachusetts Institute of Technology found that artificial intelligence cannot replace the majority of jobs in a cost-effective manner.

Researchers found that only about 23% of US workers doing computer vision jobs could be economically supplanted by AI. Tech firms have accelerated adoption due to potential seen in AI services. There are concerns about the negative impact on jobs.

The MIT study found that although AI is expensive to install and maintain, there are favorable cost-benefit ratios of computer vision in segments like retail, transportation, and health care. Such systems are currently most suitable for robotaxis and drones in the transportation sector.

Despite advances in AI, the MIT study found that only 23% of worker compensation ‘exposed’ to AI computer vision would be cost-effective for firms to automate. The research was funded by the MIT-IBM Watson AI Lab and used online surveys to collect data.

As a result of advancements in AI, there are growing concerns about machines replacing human jobs. The International Monetary Fund stated that nearly 40% of jobs globally would be impacted. Discussions at the World Economic Forum at Davos last week also centered on AI displacing the workforce.

The MIT study conducted by Neil Thompson examined the usage of computer vision across the economy and found more automation in retail and health care. However, the study also found less automation in construction, mining, or real estate.

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Read more: AI can’t replace humans in most jobs becuase of cost, MIT study finds