Robots are now really stealing jobs as Japanese firm replaces staff with AI

Though we’ve always assumed certain crafts will forever remain immune to automation, it seems nowadays nobody is safe from the looming artificial intelligence invasion. While a few years back the prospect of robots snatching jobs from humans might have seemed like a hackneyed plot twist from a cheap science fiction flick, this scenario actually turned into reality for the staff of Japanese insurance firm Fukoku Mutual Life. The BBC reports the company has made an executive decision to lay off more than 30 employees and replace them with an artificial intelligence system that can calculate insurance payouts. With this move, Fukoku Mutual estimates it will increase productivity by an impressive 30 percent. To give you some more context, the firm additionally expects to save approximately in $1.2 million (or 140 million yen) in expenses…


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