Here is some insight from a gentleman on the floor of the international Consumers Electronics Show (CES) taking place this month in Las Vegas. His take suggests the technology is an opportunity for investors, but whether that is of interest to you or not the fact remains extensive change is coming:
Tech expert Christian Olsen – who authors the Stansberry Innovations Report – wrote to us with some insights from day two of the event. In particular, he's excited about the development of "smart robots," which he believes is one of the next big tech investment opportunities. Here's Christian...
We're at the beginning of a long run which will be a revolution for the manufacturing sector. And one day soon, it could end up causing laborers to disappear from the factory floor altogether.
You see, robots can sustain repetitive motion at speeds greater than humans. We already know this, and manufacturers use robots today as cars roll off the production line. Using robots made a huge difference because it extended what a labor force could do. The robots already relieved them of some labor, which meant increased productivity. Instead of doing a task with his own hands, a worker shepherds a task next to a robot and lets the robot do the brunt of the work.
And it could change the workforce as we know it. More from his e-mail...
Smart robots will make human laborers unnecessary. They can "see" with sensors... With the addition of artificial intelligence ("AI"), they can "learn" and begin to "reason." And when one Smart Robot learns, they all learn. That's the "smart" part.
Think about what happens when you don't need a factory staff of 3,000 workers at an auto plant. Now, extend that out across the entire sector. Salaries, labor unions, pensions, paid time off... You won't necessarily need all of those things.
Considering that just five years ago, the U.S. manufacturing sector employed 12 million workers – or nearly 9% of U.S. employees – this could have massive implications going forward. More from Christian...
At CES, I saw a Japanese robotics company whose smart robot learned how to play ping pong against a person in real time. It saw what the player did: what his habits were, and how he would respond to a side shot. Then, the smart robot took the information and beat him. It could see... move... and learn.
I talked to one of the company's salesmen. He said everything we saw is double what it was last year... Significantly better perception and faster learning. The trick the company is using is that all of the AI happens on location with the robot. In other words, data doesn't need to stream to the cloud since all of the learning happens on the circuit board next to the smart robot.
Of course, it's not about playing ping pong... It's about jobs disappearing as the robots work perfectly 24/7.
Wow! Artificial Intelligence (AI) is making such advances it is mind boggling. No doubt the workplace across the economy is going to drastically change over the next decade. Perhaps our children and grandchildren should seriously consider entering the field of robotics. At least they will have a job!!
One interesting side note to me is a passage of Scripture found in Revelation 13:15 which says, "And he had power to give life unto the image of the beast, that the image of the beast should speak . . ."
There is no doubt the image of the beast will consist of some form of artificial intelligence driven in this case by Satan himself. I ask you, does it seem far fetched for the Scripture to make reference to an "image of the beast" coming to life when technology today is headed toward the creation of robots that are very life like?
My point is simply this. Past students of the Bible probably wondered how a mere "image" could come to life, but the advent of AI brings this into clearer focus. The image of the beast will be the ultimate in AI as it is energized by Satan himself. My friend, these are truly amazing days we are living in!