Cost-Benefit Analysis of Artificial Intelligence (AI) Fired Robots (AI-Bots) Replacing Educators

In 2016, Buckingham University’s Vice-Chancellor predicted that the educators will lose their traditional role in 10 years and effectively become little more than classroom assistants (2017, News.com.au. This is supported by the Georgia Institute of Technology’s Computer Science Professor “Ashok Goyal”, who has been using Jill Watson (AI-Bot) successfully since 2016 as a Teaching Assistant to help online students. Jokes cracking Sophia (AI-Bot) by Hanson Robotics of Hong Kong mimics human beings. She appeared at Austin in the 2016 Interactive Festival and in the same year became a citizen of Saudi Arabia. Apparently, AI-Bots have already demonstrated superior performance in many areas. This poses a threat to educators of being replaced by AI-Bots. However, AI-Bots are expensive. The cost of the most advanced AI-Bot “ASIMO” by Honda in 2016 was US$ 2.5 million. Most are afraid of being replaced by Robots. In 2017, Sophia urged, people in India, not to fear AI-Bots, but the 2017 Oxford University’s study estimated that 47% of all U.S. jobs could be replaced by AI-Bots within 20 years. This trend is confirmed by the findings of the Center for Business and Economic Research at Ball State University, which attributed 85% of the 5.6m manufacturing job losses between 2000 to 2010 in the USA were due to technology