LG Electronics just announced its first overseas investment on a robotic technology from Bossa Nova Robotics, a US-based startup. Apart from this recent move, the company also invested a little over $90 million in other robotics companies based in Korea.
In former US Pres. Barack Obama’s farewell address, he acknowledged that outsourcing is stripping the country’s white- and blue-collar jobs. However, an even more threat that’s guaranteed to be transformative is already looming.
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As reported by the WSJ, Walmart and Target will both add new automation initiatives as labor costs continually rise.
Westworld, a science-fiction film from 1973, features robots acting as hosts in a prestigious holiday resort. The robots are indistinguishable from humans, except in one category: the robotic hands are not yet up to par when compared to human hands.