Efficiency in WHAT?
All I read and hear are abstract words.
Think of all the Traders on Wall Street, sitting at multiple computer monitors all day trading stocks, bonds, etc., companies might need one tenth the number of those people going forward, it’s much easier to have an AI system make trading decisions at speeds humans can’t comprehend.
Think of Amazon and all those fulfillment centers employing thousands of people, who needs people to pick merchandise to fill orders when AI enabled robots can do the same function at a fraction of the cost.
Think of the military applications, I could easily see in the future, something like Skynet from the Terminator Movies, a distributed group of AI supercomputers monitoring all phone calls, emails, public and private communications in places like China...
The application of AI enable devices and services is endless in the time and cost savings that are possible.
To replace jobs currently done by humans.
Caterpillar is laying off IT people and using AI to replace programmers.
Also, currently a person in India can remotely operate several bulldozers, etc.
AI is coming to augment nurses and many other jobs.
To reduce labor costs.
Just like the off shoring of jobs in the 80’s and 90’s to the present.
AI is the next step in evolution.
Or just like all the kieosk in fast food to take your order.
To reduce labor costs.