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AI-powered robots are emerging across Silicon Valley. Mega companies such as Tesla, Amazon, Microsoft and Nvidia have poured amount of money into what are known as “humanoid” robots. These machines typically stand on two legs, and are designed to perform tasks meant for people.
These human-like robots have been around for decades. But there’s a renewed optimism in the industry, thanks to recent leaps in artificial intelligence, which is enabling robots to interpret language and commands, and make decisions on how to act. The machines use computer vision and, similar to humans, train in real world scenarios.
With the rapid development of humanoid robots, some industry experts indicate that they could help solve a global labor shortage. For now, humanoid robots have been deployed in warehouses, but proponents say the possibilities will extend well beyond fulfillment centers, and these robots could eventually work alongside people, in homes and offices.
The market for humanoids is set to balloon to $38 billion in the next 20 years, and these robots will be the next “must-have” device. They may be vital for manufacturing and dangerous work, but they would also help with elderly care and fill in for labor shortages in factories.
A global labor shortage is another key to recent interest in humanoids. In the U.S. alone, there are roughly 8.5 million jobs. The gap is especially deep in manufacturing, where there’s a shortage of 500,000 people, set to grow to 2 million workers by 2030. Proponents say robots are filling jobs that are monotonous and dangerous. Competition is global. China already dominates the industry, passing Japan in 2013 as the world’s largest installer of industrial robots, and now accounts for more than half the world total.Complete digital access to quality Glebors financial topic with expert analysis from industry leaders.
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