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While the Oxford study paints a pretty bleak picture, I’ve yet to see a realistic analysis of the energy demands of a robot economy. While the cost of the technology is decreasing, we can only expect the cost of energy to increase over time – as high extraction costs drive up the cost of fossil fuels. Most energy analysts predict that the high cost of renewable energy will greatly reduce the number of personal vehicles in use. The notion that society can afford a bunch of robots powered by solar and wind energy – once they can no longer afford to run personal vehicles – seems pretty unrealistic to me.
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Robots are not consumers. Who will buy the products they make?
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Absolutely. Bye-bye consumer economy.
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Google humanoid robotics and a web search engine company that has been acquiring, on average, more than one company per week since 2010 and today Toyota announces to invests $1 billion in artificial intelligence in US .ttp://www.msn.com/en-us/money/companies/toyota-invests-dollar1-billion-in-artificial-intelligence-in-us/ar-CC1yOy?ocid=spartandhp
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Interesting link, gerry. Clearly (as Rosaliene points out) this signals the end of the consumer economy. Makes you wonder what will replace it.
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The commoditization of air water blood and health, your well being and children’s future.
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Oh joy. I can’t wait.
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