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☆ Top Amazon exec says it's a 'myth' robots steal jobs
▼ + stars: | 2024-04-12 | by ( Ryan Browne | ) www.cnbc.com time to read: 1 min

A robot prepares to pick up a tote containing product at the Amazon Robotics fulfillment center on April 12, 2019 in Orlando, Florida. A top Amazon executive told CNBC Thursday that it's a "myth" that robots and other technologies take jobs away from people. Stefano La Rovere, director of global robotics, mechatronics, and sustainable packaging at Amazon, said that, rather than replacing jobs, advanced robotics, artificial intelligence, and other technologies are enhancing people's roles. "It is a myth that technology and robots take out jobs," La Rovere told CNBC's "Street Signs Europe" on Thursday. Amazon says that the introduction of new technologies has enhanced more than 50,000 jobs across its fulfilment centers in Europe.

Persons: Stefano La Rovere, La Rovere, CNBC's Organizations: Robotics, Amazon, CNBC Locations: Orlando , Florida, Europe

☆ It's a myth that technology and robots take jobs away, Amazon director of global robotics says
▼ + stars: | 2024-04-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's a myth that technology and robots take jobs away, Amazon director of global robotics saysStefano La Rovere, director of global robotics, mechatronics and sustainable packaging at Amazon, discusses the use of artificial intelligence and humanoid robots in the company's operations.

Persons: Stefano La Rovere

By contrast, both funds received their highest monthly net inflows of 2023 in June, gaining $265.5 million and $29.74 million, respectively, according to Lipper data. But AI stocks have suffered along with broader markets in recent weeks, as Treasury yields hovering around 16-year highs dull investors' risk appetite. Retail investor flows into the sector have also cooled as the initial fervor surrounding AI wanes. September saw the lowest net monthly retail flows of $1.96 billion into AI-linked stocks since April, according to Vanda Research. "It is possible this negative sentiment could reverse again in Q4, particularly if large cap tech stocks like Nvidia held in AI-themed tech ETFs continue to show strong earnings growth," CFRA's Ullal added.

Persons: Dado Ruvic, Aniket, Mark Haefele, Bansari Mayur, Ira Iosebashvili, Mark Potter Organizations: REUTERS, Robotics, Intelligence, Global Robotics, Automation, CFRA Research, Vanda Research, Global, Nvidia, UBS Global Wealth Management, Thomson, & $ Locations: Bengaluru

☆ Beyond Big Tech: Alternative ways to invest in A.I., according to two ETF experts
▼ + stars: | 2023-08-05 | by ( Lina Hassen | ) www.cnbc.com time to read: +2 min

For those who want to ride the AI rally while still diversifying their portfolio beyond the tech sector, there are other fields benefiting indirectly from the AI craze, two ETF experts say. Baird's head of ETF trading, Rich Lee, and VettaFi's head of research, Todd Rosenbluth, both said there is a wider choice of industries seeing AI gains than investors may initially think. "We're seeing trends towards health care, we're seeing eCommerce companies," Rosenbluth told CNBC's Bob Pisani on "ETF Edge" on Monday. "It's going to help advisors do their jobs better, it's going to help investors sort through information better, it's going to help processing." "So, we're going to see AI creep into other sectors and industries we may not traditionally associate with tech or AI," Lee said.

Persons: Rich Lee, Todd Rosenbluth, Rosenbluth, CNBC's Bob Pisani, we've, BOTZ, Lee Organizations: Microsoft, Tesla, Big Tech, Global Robotics, Automation, Global, Robotics, Intelligence

MediaNews Group | The Riverside Press-Enterprise via Getty ImagesOf the many acts that can get an Amazon merchant kicked off the site, few are as devastating as selling stolen goods. But suspended sellers, who spent years building their businesses on Amazon, told CNBC they had no idea they were selling stolen products. In an email to CNBC, Amazon said it's working with authorities and doesn't comment "on matters that are the subject of active law enforcement investigations." Tracing the stolen goods supply chainIn tracing the supply chain for suspended sellers, some patterns started to emerge. "Chances are stolen goods or similar ASINs/serial numbers are being bled in to every supply line," the employee wrote.

Persons: Levoit humidifiers, Frank —, Frank, Kenzo Sobrie, Dyson, blenders, they'd, Joe Quinlivan, Sellers, they've, Chris McCabe, Ricky Sala, what's, Sala, he'd, Tien Ngo, Ngo, Stride, Daniel Acker, ASINs, Armen Babayan, illicitly, Babayan, KZ, Juniper, couldn't, Cameron Webb, Kevin Cole, didn't, He's, Sobrie Organizations: MediaNews, Riverside Press, Enterprise, Getty, Amazon, CNBC, Retailers, LG, KZ International, California, Patrol, KZ, CHP, Amazon.com Inc, Amazon Robotics, Bloomberg, Oregon Prep Center, Facebook, FBI, Washington State Office, Ngo Wholesale Distributors, Ngo, Co, Wholesale, Los, Juniper Holdings, Telegram Locations: Eastvale , California, KZ's, Huntington Beach , California, Westborough , Massachusetts, Los Angeles, Miami, The Miami, New York, Washington, Santa Fe Springs, Los Angeles County, Garden Grove, Orange County, California, Huntington Beach, California , Florida, New Jersey

☆ ABB invests in US robot factory as reshoring trend hots up
▼ + stars: | 2023-03-16 | by ( John Revill | ) www.reuters.com time to read: +3 min

ZURICH, March 15 (Reuters) - ABB (ABBN.S) is expanding its main US robot factory as its customers there in the automotive, packaging and machinery industries confront a tight labour market as they bring production back home. The United States is the third largest in the global robotics market, which is worth around $50 billion per year according to estimates by ABB and the International Federation of Robotics (IFR). Rapid growth is expected as US companies bring production closer to home to avoid logistic log jams which have gummed up supply chains since the global pandemic. A survey by ABB last year showed 70% of North American businesses suffered supply chain disruptions in the last year. "The potential for growth in the industrial robots market is huge," Atiya said.

☆ ‘A tsunami effect’: ETF fund manager bets on the robot boom
▼ + stars: | 2023-02-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

While horror robot movie "M3gan" racks up millions at the winter box office, the ETF industry is seeing opportunities from the controversial technology. According to ROBO Global CIO William Studebaker, the economic benefits could be staggering. "You're going to see a tsunami effect in terms of prices coming down as a result of deflationary pressures from these technologies," he told CNBC's "ETF Edge" on Wednesday. Studebaker manages the ROBO Global Robotics and Automation Index ETF, which is up 12% so far this year. The exchange-traded fund's holdings include IPG Photonic, Zebra Technologies, Rockwell Automation and Teradyne.

☆ A.I.-guided strategies for the ETF investor. Here's what to know.
▼ + stars: | 2023-02-24 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +4 min

As investors weigh what the growing interest in artificial intelligence means for the marketplace, one analyst thinks that ETF investors should be cautious in utilizing it to aid in strategy selection. "ChatGPT knows a lot about a lot of things," Art Amador, EquBot Co-Founder, told Bob Pisani on CNBC's 'ETF Edge' on Wednesday. Amador runs the AI Powered Equity ETF (AIEQ) , an actively managed fund of U.S. stocks selected with a model that uses artificial intelligence. Studebaker's ROBO Global launched the ROBO Global Robotics and Automation ETF (ROBO) in 2013 as a fund that invests in innovative companies driving robotics, automation, and AI spaces. "You want to make sure you're investing with people that have done this before, that have deep expertise and deep knowledge in this space."

☆ Why AI stocks could return outsized performance in the next 18 months, and 7 leading names with direct exposure, according to an ETFs analyst
▼ + stars: | 2023-02-23 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

There are mature, large-cap companies that investors could stick to for exposure to the sector. A sudden interest in artificial intelligence has brought the more than decade-old technology to the forefront of investors' minds. It has additional ETFs focused on sectors that will be heavily impacted by AI including the Cloud Computing ETF (CLOU) and Cybersecurity ETF (BUG). They are broken down into innovators, early adopters, early majority, late majority, and finally, the laggards. Mature companies like Microsoft that are developing AI use cases could move AI into a mature stage rapidly.

Warehouse workers pick items up, sort them and put them down millions of times a day. Warehouse workers at Amazon and other companies are at risk of developing repetitive-stress injuries and musculoskeletal disorders. The Sparrow is “a major leap in technology challenge and technology development,” said Joseph Quinlivan, Amazon’s vice president of global robotics and technology. Amazon workers at the robotics facility in Westborough, Mass. New robots aren’t expected to replace warehouse employees but will lead to more roles to work with the robots, Amazon said.

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