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by Nicolas Niarchos · 20 Jan 2026 · 654pp · 170,150 words
modern warfare and of videography. And it wasn’t just the phones and cars and drones: Garden tools, cattle prods, gas detectors, vapes, air enrichers, industrial robots, and children’s toys all used lithium-ion technology. Batteries were being touted as the solution to the climate crisis, since they produced no emissions
Gambling Man
by Lionel Barber · 3 Oct 2024 · 424pp · 123,730 words
that year. This hugely ambitious venture aims to create SoftBank Group’s own vertically integrated AI ecosystem, from manufacturing chips to operating data centres and industrial robots and power generation. Once again, Masa has confounded his critics and wrong-footed rivals. His self-enforced absence from the public eye was in hindsight
The Means of Prediction: How AI Really Works (And Who Benefits)
by Maximilian Kasy · 15 Jan 2025 · 209pp · 63,332 words
its reward. AI algorithms are designed to make these numbers as large as possible. Again, there are many possibilities for the definition of reward. An industrial robot’s reward might be based on successfully assembling some parts on a conveyor belt. A social media algorithm’s reward might be based on the
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routine clerical tasks redundant, thereby eliminating administrative office jobs, while making high-wage workers more productive. The same might be true for the impact of industrial robots, eliminating comparatively well-paid blue-collar jobs. Workers at the bottom of the income distribution, by contrast, who are often engaged in physical care-work
Stakeholder Capitalism: A Global Economy That Works for Progress, People and Planet
by Klaus Schwab and Peter Vanham · 27 Jan 2021 · 460pp · 107,454 words
number of employees in the industry work side by side with robots,” the press release read. “Dansk Metal has a target of rounding 10,000 industrial robots in Denmark by 2020.” I was intrigued by this stance. From visiting other parts of the world, and reading about other times in history, I
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), 84fig Auto industry city of Detroit, 110–111 Ford Motor Company, 33 lack of regulatory scrutiny of the, 136 Mercedes, 9 Automation Dansk Metal's industrial robots, 115, 117 labor market and challenge of, 115–126 Axis nations (World War II), 5 B Baby boom (1950s and 1960s), 8, 9, 105, 135
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, 208, 213, 215 comparison of labor approach in US vs., 117–120, 123 constructive relationship between workers and companies in, 117–120 Dansk Metal's industrial robots, 115, 117 digital economy embraced by, 113–114 female-led government leadership during COVID-19 pandemic in, 224 “flexicurity” model of, 119 high union membership
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Stakeholder Capitalism Metrics prosperity pillar on, 214, 249 Teacher Corps, 135 Tech Mahindra [India], 68 Technological disruption changing business landscape, 126–129 Dansk Metal's industrial robots, 115, 117 labor market and challenge of automation, 115–126 Singapore job displacement due to, 125–126 steam engine as, 102, 116, 130–131 See
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's “maker movement” of tech start-ups, 55 climate change and technological process, 161–162 connective, 177, 225, 227–228 cryptocurrencies, 161 Dansk Metal's industrial robots working with employees, 115 general-purpose technologies (GPTs), 143 Internet and digital connectivity, 225, 227–228, 232 Internet of Things, 18, 72, 161 Kuznets Wave
In the Age of the Smart Machine
by Shoshana Zuboff · 14 Apr 1988
in the United States. 14 Nobel-prize-winning economist Wassily Leontief has predicted a 30 to 40 percent annual growth rate in the market for industrial robots between 1985 and 1 990. I 5 Computer-numerically-controlled machine tools fashion metal ac- cording to programmed instructions that indicate the desired dimen- sions
The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism
by Jeremy Rifkin · 31 Mar 2014 · 565pp · 151,129 words
create plastic filaments which are stored on a spool for printing. An assembled Filabot costs $649.18 A Dutch student, Dirk Vander Kooij, reprogrammed an industrial robot to print customized furniture in a continuous line using plastic material from old refrigerators. The robot can print out a chair in multiple colors and
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-robots-is-changing-global-indus try.html?pagewanted=all&_r=0 (accessed July 1, 2013). 16. Ibid. 17. “World Robotics 2012 Industrial Robots,” International Federation of Robotics, http://www.ifr .org/industrial-robots/statistics/ (accessed May 26, 2013). 18. Russell Roberts, “Obama vs. ATMs: Why Technology Doesn’t Destroy Jobs,” Wall Street Journal, June
Red Flags: Why Xi's China Is in Jeopardy
by George Magnus · 10 Sep 2018 · 371pp · 98,534 words
already replaced 60,000 jobs with such devices.11 This is the tip of the iceberg. Over the last five years, China has bought more industrial robots than anyone else, including Germany, Japan and South Korea, and over a quarter of the total sold worldwide in 2015. China still had only 36
The Future Is Asian
by Parag Khanna · 5 Feb 2019 · 496pp · 131,938 words
of retaining the world’s manufacturing supply chains, even if robots perform a growing share of the labor. South Korea currently leads the world in industrial robotics, with nearly 500 robots per 10,000 manufacturing workers compared to 300 in Japan and Germany and just 36 in China. South Korean workers can
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2017, the Chinese appliance giant Midea paid $6 billion for more than 85 percent of Germany’s Kuka Robotics, one of the biggest makers of industrial robots in the world. Foxconn’s spin-off Foxconn Industrial Internet, which automates factories, is now more valuable than Sony. Automation will enable China to save
What Would the Great Economists Do?: How Twelve Brilliant Minds Would Solve Today's Biggest Problems
by Linda Yueh · 4 Jun 2018 · 453pp · 117,893 words
. For instance, the strong period of growth in the 1950s and 60s is associated with post-war technological advances, such as widespread air travel and industrial robots. Curiously, recent technological improvements, centred on computing, information and communication technologies (ICT) and the internet, do not seem to have raised productivity across the economy
The Globotics Upheaval: Globalisation, Robotics and the Future of Work
by Richard Baldwin · 10 Jan 2019 · 301pp · 89,076 words
on the lights and ramped up production in 1985. What was supposed to be a showcase for the cost-cutting and quality-boosting advantages of industrial robots turned into a clump of chaos. The painting robots melted the plastic taillights and occasionally went wild, painting each other, and the walls as well
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in the auto industry, and especially those involved in welding, painting, and specific pick-and-place tasks. As ICT advanced, the repetitive, manual tasks that industrial robots could handle increased—displacing jobs as it went. From the 1990s, many factories in advanced economies turned into computer systems where the peripherals were
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industrial robots, computerized machine tools, guided vehicles, and so on. Roger Smith’s dream of Hamtramck-like factories supplanting workers came true, or mostly true. Factories became
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skills”) or over only very short distances (“fine motor skills/dexterity”). Another set entails “mobility across unknown terrain,” and “navigation.” (Table 6.4) Not surprisingly, industrial robots—what might be called “steel-collar robots” to contrast them with white-collar robots—are above average when it comes to most physical skills. They
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backlash, my guess is it will involve a similar fusion. For decades, millions of blue-collar workers have been competing with Chinese manufacturing abroad and industrial robots at home. Neither competition has been going well. Automation and globalization damaged these workers’ financial prospects and have thrown their communities into disarray. These blue
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a sheltered service sector rather than a goods-producing sector that was exposed to automation and globalization. The old rule helped people avoid competition from industrial robots at home and China abroad. And it helped them seize the opportunities created by Information and Communication Technology (ICT) in the service sector. Getting more
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a helper, not a hurter. Until the digitech revolution took off, especially machine learning, most service-sector and professional jobs were shielded from automation since industrial robots could not speak, listen, read, write, or help around the office in any way. Likewise, competition from foreign service workers was an issue for, say
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