Company Replaces Over 30 Employees with Artificial Intelligence System Interesting Engineering

A company in Japan is laying off 34 workers and replacing them with an Artificial Intelligence system. The insurance company invested in the AI that will calculate payouts for its policyholders. The company, Fukoku Mutual Life, estimates productivity will boost 30 percent. They expect to save 140m yen (1 million pounds) each year. Thus, they'll earn a return on their investment in roughly two years, even with maintenance expenses.