AI agents are not worth the price because humans are still cheaper: CTOs

Featured in:
abcd

The high costs of deploying and operating artificial intelligence agents in the workforce could prevent them from replacing humans who can do the same job at a lower cost, say two multimillionaire technology investors.

Technology investor Jason Calacanis he said on Saturday’s All-In podcast that he pays $300 a day to Anthropic agent Claude AI to assist him run his companies, even though the bot only operates at 10-20% of full capacity.

“When do tokens exceed an employee’s salary?” Calacanis questioned, referring to a usage limit, called tokens, that users must purchase to apply most AI models.

sadasda

Social Capital CEO Chamath Palihapitiya said he had the same problem and that the cost of the models means they “have to be at least twice as productive as another worker.” He added that he may have to set a budget for how much artificial intelligence his company can apply.

Technology investor Mark Cuban he said on Thursday that the high costs of implementing AI in the workforce raised by Calacanis and Palihapitiya were the smartest counterargument he had seen to AI taking over jobs.

Cuban said that when you factor in token and maintenance costs, eight Claude AI agents “doing the same thing as an employee a day” could cost twice as much at $1,200.

He wondered if AI bots were more than twice as productive as humans. or if there were “qualitative issues such as morale, morality […] this cannot be quantified, it must be taken into account in the decision.”

The threat of artificial intelligence replacing huge swathes of the workforce has caused uncertainty in recent years as some companies have initiated layoffs, citing that the apply of artificial intelligence is making some jobs obsolete.

Microsoft research paper from July found that knowledge-based professions, as well as customer service and sales positions, are most at risk of being replaced by artificial intelligence.

Related: China’s AI leader will shape the future of cryptocurrencies

White House AI and crypto czar David Sacks is one of many who say such concerns are overblown, saying in August that AI still needs to be encouraged and verified to “generate business value.”

However, others, such as business consulting firm McKinsey & Co, do highlighted that the goal of these AI agents is to comprehensively automate tasks and operate without constant human intervention.

Stablecoins can be the native currency of an AI agent

The apply of AI agents has gained popularity among cryptocurrency users, and the CEO of stablecoin issuer Circle, Jeremy Allaire, predicted last month that within five years, billions of AI agents will transact using stablecoins for daily payments on behalf of users.

Binance co-founder Changpeng Zhao said in January that cryptocurrencies will become the native currency for AI agents because blockchain is “the most native technology interface for AI agents.”

AI agents already operate on several blockchains, such as Ethereum Layer 2 Base, where AIXBT, via the Virtuals protocol, makes micropayments and facilitates transactions on behalf of users, while ASI Alliance on Fetch.ai can manage assets and coordinate other economic tasks for users.

On Wednesday, OpenAI launched a novel benchmark that assesses how well different AI models detect, patch and even exploit vulnerabilities discovered in astute contracts.

OpenAI said the study was useful because it becomes increasingly crucial to evaluate their performance in “economically significant environments.”

“Smart contracts secure billions of dollars in assets, and AI agents are likely to be transformative for both attackers and defenders,” it said.

Warehouse: IronClaw competes with OpenClaw, Olas launches bots for Polymarket – AI Eye

Cointelegraph is committed to independent and clear journalism. This news article has been produced in accordance with Cointelegraph’s Editorial Policy and is intended to provide right and up-to-date information. Readers are encouraged to verify the information themselves. Read our Editorial Policy https://cointelegraph.com/editorial-policy

abcd
sadasda

Find us on

Latest articles

Related articles

See more articles

Will Ripple buy a bank? Garlinghouse ducks, but the...

Ripple CEO Brad Garlinghouse dodged a direct question about whether the company would ever buy a bank,...

This analyst predicted a $250 sell-off for Solana and...

The cryptocurrency analyst who warned Solana (SOL) traders to sell near the top of the cycle at...

Kraken xStocks share value exceeds $25 billion and has...

Kraken's tokenized stock platform, xStocks, has surpassed $25 billion in total trading volume less than eight months...

“Sell Bitcoin Now,” Peter Schiff warns and predicts a...

Economist and long-time Bitcoin (BTC) critic Peter Schiff has issued a novel warning to cryptocurrency investors, arguing...

“Bitcoin Roadmap to Bottom” says Binance’s cost base of...

Bitcoin (BTC) has four novel key support levels to watch as a novel wave of bearish BTC...

Is Quantum Computing Afraid of Bitcoin Crash? NYDIG says...

Quantum computing has become the latest catch-all explanation for Bitcoin's recent decline in value, but NYDIG says...