There are few things more heartless than an insurance company in America and now WATSON from IBM can match that. We know heartlessness as well and will delight as the jobs evaporate for the evil bastards who cut off medical insurance. (Guardian: Japanese company replaces office workers with artificial intelligence )
Ed: those are Japanese workers, not American!
Sign of the times, mate.
Fukoku Mutual Life Insurance believes it will increase productivity by 30% and see a return on its investment in less than two years. The firm said it would save about 140m yen (£1m) a year after the 200m yen (£1.4m) AI system is installed this month. Maintaining it will cost about 15m yen (£100k) a year.
- Guardian
That single paragraph is most of the validation needed for predictions regarding the coming Age of Robots: they're cheaper than human employees.
Maybe you have seen the instantly-annoying IBM WATSON commercials on CNN in which WATSON is portrayed as cute, lovable, and can write songs like Bob Dylan. WATSON isn't threatening Dylan in any way but already WATSON is eating a job you might hold.
In case you're still not believing a tidal wave is building, here's some more.
According to a 2015 report by the Nomura Research Institute, nearly half of all jobs in Japan could be performed by robots by 2035.
Dai-Ichi Life Insurance has already introduced a Watson-based system to assess payments - although it has not cut staff numbers - and Japan Post Insurance is interested in introducing a similar setup, the Mainichi said.
Ed: those are Japanese workers, not American!
Sign of the times, mate.
Fukoku Mutual Life Insurance believes it will increase productivity by 30% and see a return on its investment in less than two years. The firm said it would save about 140m yen (£1m) a year after the 200m yen (£1.4m) AI system is installed this month. Maintaining it will cost about 15m yen (£100k) a year.
- Guardian
That single paragraph is most of the validation needed for predictions regarding the coming Age of Robots: they're cheaper than human employees.
Maybe you have seen the instantly-annoying IBM WATSON commercials on CNN in which WATSON is portrayed as cute, lovable, and can write songs like Bob Dylan. WATSON isn't threatening Dylan in any way but already WATSON is eating a job you might hold.
In case you're still not believing a tidal wave is building, here's some more.
According to a 2015 report by the Nomura Research Institute, nearly half of all jobs in Japan could be performed by robots by 2035.
Dai-Ichi Life Insurance has already introduced a Watson-based system to assess payments - although it has not cut staff numbers - and Japan Post Insurance is interested in introducing a similar setup, the Mainichi said.
- Guardian
The irony to this is the corporate automation will undermine the tax base supporting whichever country's government. At that stage, the government won't have any alternative to taxing the rich. If the state taxes the company for using the robos, it will only make its products go up in price and then people will stop buying them.
Ed: you think that's funny, don't you?
Absolutely hilarious!
Recent articles regarding the Age of Robos:
As we have seen, Obama did almost nothing regarding automation of jobs but he's been making a huge deal out of his artificial confrontation with Putin. That's the difference between a diplomat and a second-rate political hack.
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