Consumer Robot Market Worth $15bn (Up from $5bn in 2018) Ten years ago, Amazon introduced the Kindle and established the appeal of reading on a digital device.
Four years ago, Jeff Bezos and company rolled out the Echo, prompting millions of people to start talking to a computer. Now Amazon.com Inc. is working on another big bet: robots for the home. The retail and cloud computing giant has embarked on an ambitious, top-secret plan to build a domestic robot, according to people familiar with the plans. Codenamed “Vesta,” after the Roman goddess of the hearth, home and family, the project is overseen by Gregg Zehr, who runs Amazon’s Lab126 hardware research and development division based in Sunnyvale, California. Lab126 is responsible for Amazon devices such as the Echo speakers, Fire TV set-top-boxes, Fire tablets and the ill-fated Fire Phone. Commercial Robotics Market Worth $23 billion. 2nd of the 3 Automation Waves Ripples Through Global Economy. A report released yesterday by PwC says the near future of automation technologies will arrive in three phases.
The report calls them “waves” and maps out how they’ll wash over us: 1. A flood of algorithms. Already, data analysis and simple digital tasks are becoming the purview of machines. 2. 'Base-Level' Jobs Rare as Robots & Smart Systems Take Over. By the year 2030, artificial intelligence (A.I.) will have changed the way we travel to work and to parties, how we take care of our health and how our kids are educated.
That’s the consensus from a panel of academic and technology experts taking part in Stanford University’s One Hundred Year Study on Artificial Intelligence. Focused on trying to foresee the advances coming to A.I., as well as the ethical challenges they’ll bring, the panel yesterday released its first study. The 28,000-word report, “Artificial Intelligence and Life in 2030,” looks at eight categories -- from employment to healthcare, security, entertainment, education, service robots, transportation and poor communities -- and tries to predict how smart technologies will affect urban life.