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AI cost savings may be offset by rising verification expenses: Deutsche Bank

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AI cost savings may be offset by rising verification expenses: Deutsche Bank

Business News Tech AI AI cost savings may be offset by rising verification expenses: Deutsche Bank

AI cost savings may be offset by rising verification expenses: Deutsche Bank

The report, titled "AI boom or doom: what will superintelligence feel like and when will we get there?", said that while AI has made it cheaper to produce information, research and analysis, checking the accuracy and reliability of its output could become more expensive.

Companies using artificial intelligence (AI) to cut costs may face additional expenses in verifying AI-generated results, potentially reducing some of the savings from automation, according to a report by Deutsche Bank. The report, titled "AI boom or doom: what will superintelligence feel like and when will we get there?", said that while AI has made it cheaper to produce information, research and analysis, checking the accuracy and reliability of its output could become more expensive. "As AI makes production cheaper, it also makes establishing that production is accurate or reliable more expensive," the report stated.

The report highlighted that companies across sectors are increasingly adopting AI to improve productivity, reduce operating costs and automate routine tasks. However, the need for expert checks to ensure reliable results could limit some of the expected financial benefits. According to Deutsche Bank, this challenge is particularly relevant in sectors such as healthcare, engineering and law, where errors can have serious consequences and require expert verification. "Domains which can be checked mechanically, such as mathematics, will be opened up more quickly. But those which rely on expert verification, such as medicine, engineering or law, may progress more slowly," the report said.


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