Robots Take Retail

    • “Walmart is building its robot army as well, and according to this ABI Research release, the company deployed 350 systems for inventory management across its stores in 2019 alone. That’s an average of roughly one robot for each store.
    • By 2025, more than 150,000 mobile robots will be deployed in brick-and-mortar retail establishments, according to an estimation by ABI Research.
    • If installed in all of Amazon’s 55 US fulfillment centers, they could replace more than 1,300 employees
    • And the study found that 64 percent of employees surveyed said they trust a robot more than their manager, with half turning to a robot instead of a supervisor for advice”

    ‘Doomsday’ scenario of mass layoffs due to AI unlikely, federal documents say | The Star

    • “In a separate briefing, officials were told ahead of summer that 11 per cent of jobs in Canada could be automated over the next 15 to 20 years, and a further 29 per cent are ‘likely to change significantly.'”

    Artificial intelligence jobs on the rise, along with everything else AI

    “AI conference attendance – In 2019, the largest, NeurIPS, expects 13,500 attendees, up 41% over 2018 and over 800% relative to 2012.

    AI jobs – the share of AI jobs in the US increased five-fold since 2010

    Compute capacity – Post-2012, compute has been doubling every 3.4 months — a mind-boggling net increase of 300,000x.

    Training time – it now can happen in almost 1/180th of the time it took just two years ago

    Computer vision – the accuracy of image recognition by systems has reached about 85%, up from about 62% in 2013.

    Photo: Joe McKendrick

    Yes, AI will soon be everywhere – but it will support humans, not replace them

    • “‘We are increasingly seeing artificial intelligence and machine learning being subsumed into industries like healthcare, education and architecture.’
    • ‘We are going to become more aware that we’re outsourcing decision making to machines, and that’s going to be a huge trust leap.'”

    8 Ways the Workforce Will Change in 2020, According to Business Leaders

    “Increased use of artificial intelligence

    The growing popularity of AI for business shows no signs of slowing down. Jared Weitz, CEO of United Capital Source Inc., says this technology is going to step up more as a key player in the workforce.

    “Careers such as research analysts, proofreaders and receptionists are slowly making an exit while AI improves,” Weitz says. “This is only going to continue and expand into other jobs while robots become more proficient.”

    While AI represents a positive change in terms of efficiency and productivity, Weitz notes that it can also be viewed as negative because human capital loses value.”