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kevin rooseAnd you’re listening to “Hard Fork.”casey newtonThis week on the show, Sam Bankman-Fried goes to jail. If you give me, like, 1 percent of the internet, that’s going to give me an aneurysm. And those three are actually going to get to live that out. So I actually think the classroom of the future looks remarkably like the classroom today, but you reverse what you’re doing in it. And I think that’s another piece, is we have to not be delusional about what has actually happened in education.

Persons: casey newton, Joe Rogan, kevin roose You’re, casey newton They’ve, kevin roose They’ve, who’s, kevin roose, Kevin Roose, ” casey newton, Casey Newton, Sam Bankman, Fried, what’s, Wharton, Ethan Malek, kevin roose Casey, I’ve, casey newton Guy’s, David Jaffe Bellini, David, ” david jaffe bellini, casey newton Hi, ’, he’s, david jaffe bellini, david jaffe bellini That’s, they’re, Sam’s, there’s, that’s, Casey, — casey newton, david jaffe bellini I’m, he’d, Caroline Ellison, Caroline Ellison’s, Caroline, She’s, we’ve, they’ve, Sam, He’s, I’m, haven’t, It’s, You’ve, There’s, you’re, Ryan Salem, hasn’t, Gary, Nishad, They’ve, SBF, casey newton Look, Harlem Globetrotters ’, it’s, Kevin, casey newton Oh, kevin roose David Jaffe Bellini, we’re, kevin roose It’s, “, casey newton Sure, Ethan Mollick Ethan, kevin roose Ethan Mollick, ” ethan mollick, ethan mollick, That’s, casey newton Tell, ChatGPT, ethan mollick —, you’ve, Steve Jobs, don’t, You’ll, ethan mollick Oh, casey newton Well, We’ve, kevin roose I’m, Ethan, casey newton It’s, they’d, you’ll, They’re, Ethan Mollick, casey newton —, should’ve, let’s, Cruise, casey newton That’s, — david jaffe bellini, kevin roose —, ”, Alex, casey newton Hey, casey newton Yes, Kyle Vogt, Franciscans, I’ll, kevin roose Totally, casey newton Yep, Uber, casey newton Right, Dirk, Kevin kevin roose, shouldn’t, — casey newton Yes, casey newton Don’t, Rachel Cohn, Davis, We’re, Jen Poyant, Caitlin Love, Sophia Lanman, Dan Powell, Marion Lozano, Rowan Niemisto, Paula Shoeman, Tam, David McCraw, Nell Gallogly, Kate LoPresti, Jeffrey Miranda Organizations: Spotify, The New York Times, FTX, Conference, NFL, Google, “ New York Times, MDC, Republican, Alameda, Twitter, Harlem Globetrotters, Washington Generals, Wharton School, University of Pennsylvania, Fork University, Caud Academy, they’re, TA, . University, University, Hard Fork, Wharton, DMs, San, San Francisco, Cruise, Department of Motor Vehicles, University of Michigan Transportation Research Institute, Virginia Tech Transportation, YouTube Locations: New York, California, Bahamas, Alameda, FTX, autodelete, Caroline, Wharton, GPT, Kenya, America, San Francisco, Charlotte , North Carolina, Texas, North Beach, Cruise, Franciscans, robotaxis, AVs, Rhode Island, Zurich, Paris, Madrid, Swiss, Switzerland

☆ San Francisco moves to center of robotaxi universe after California agency vote
▼ + stars: | 2023-08-11 | by ( Greg Bensinger | Thomson Reuters | Greg Bensinger Joined Reuters As A Technology Correspondent In Focusing On The World'S Largest Technology Companies. He Was Previously A Member Of The New York Times Editorial Board | ) www.reuters.com time to read: +6 min

Cruise and Waymo have been running experimental services limited by times and geographic areas within San Francisco. The approval “marks the true beginning of our commercial operations in San Francisco,” said Tekedra Mawakana, Waymo co-CEO, in a prepared statement. San Francisco is important as both a symbolic hub of tech and, with hundreds of AVs already in operation, the largest test lab for the experimental cars. The vehicles, with empty driver seats and self-turning steering wheels, have become a common sight around San Francisco. Commissioner Genevieve Shiroma advocated for a delayed vote noting the volume of public comment and her lingering concerns following evidence that the vehicles have obstructed emergency vehicles in San Francisco.

Persons: Heather Somerville, Waymo, Motors ’, John Reynolds, AVs, Cruise, ”, Tekedra Mawakana, Prashanthi Raman, Uber, Genevieve Shiroma, Greg Bensinger, Jamie Freed, Diane Craft Organizations: General Motors Corp, REUTERS, FRANCISCO, Motors, California Public Utilities Commission, Transportation, Cruise, Locals, San Francisco Municipal Transportation Agency, Technologists, Thomson Locations: San Francisco, California, U.S, San Francisco's, Francisco

☆ Robotaxis get the green light to roam the streets of San Francisco at any hour of the day
▼ + stars: | 2023-08-11 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Cruise and Waymo got the go-ahead from state officials Thursday to offer driverless rides 24/7. Robotaxi companies Cruise and Waymo have been given the go-ahead from state officials to offer driverless rides in San Francisco at any hour of the day. Before it got the green light from officials, Cruise and Waymo had been authorized to offer its services from 10 p.m. to 6 a.m in limited areas of San Francisco. "Today's permit marks the true beginning of our commercial operations in San Francisco," Waymo co-CEO Tekedra Mawakana said in a blog post . San Francisco firefighters were forced to smash the front window of a Cruise driverless taxi in January to stop it from running over their hoses as they were engaged in active firefighting.

Persons: Cruise, Waymo, CPUC, Kyle Vogt, Tekedra Mawakana, Darcie Houck, Francisco firefighters, AVs, John Reynolds, Waymo didn't Organizations: California Public Utilities, Morning, California Public Utilities Commission Locations: California, San Francisco, Los Angeles, Mountain, Francisco

The maker of Tre model electric trucks has decided to make battery electric trucks only to order and focus on hydrogen fuel cell trucks. The company laid off 270 employees in June and liquidated assets of a recently acquired battery maker last month. Nikola forecast third-quarter revenue of $18 million to $28 million, compared with estimates of $34.5 million, according to Visible Alpha. Other electric vehicle (EV) startups also have toiled to ramp up production, meet delivery targets and raise funds as cash reserves dwindled. Separately, Nikola reported a narrower second-quarter loss as lower production of its Tre battery-electric trucks in the April-June period helped keep costs in check.

Persons: Stephen Girsky, Brendan McDermid, Nikola, NKLA.O, Michael Lohscheller, Girsky, Tre, Trevor Milton, Akash Sriram, Abhirup Roy, Will Dunham, Anil D'Silva, Sriraj Kalluvila, David Gregorio Our Organizations: VectolQ, Reuters, of Autonomous Vehicles, REUTERS, U.S, General Motors, Friday's, Nikola, Fisker, Thomson Locations: New York City, U.S, Phoenix, Bengaluru, San Francisco

Nikola's investors on Thursday approved a proposal that will allow the company to issue more shares. The maker of Tre model electric trucks has been trying to pivot to hydrogen fuel cell technology. Nikola forecast third-quarter revenue of $18 million to $28 million, compared with estimates of $34.5 million, according to Visible Alpha. It had cash and cash equivalents of $226.7 million at the end of the second quarter, compared with $441.8 million, a year earlier. The company laid off 270 employees in June and liquidated assets of a recently acquired battery maker last month.

Persons: Stephen Girsky, Brendan McDermid, Nikola, okayed, Michael Lohscheller, Girsky, Tre, Trevor Milton, Akash Sriram, Abhirup Roy, Anil D'Silva, Sriraj Kalluvila, David Gregorio Our Organizations: VectolQ, Reuters, of Autonomous Vehicles, REUTERS, General Motors, Thomson Locations: New York City, U.S, Bengaluru, San Francisco

REUTERS/Brendan McDermid/File photoAug 4 (Reuters) - Nikola (NKLA.O) on Friday named its fourth CEO in as many years as the electric truck maker navigates a host of challenges including dwindling cash reserves, lingering supply chain snags and a pivot to hydrogen fuel cell technology. The Tre battery-electric trucks maker forecast third-quarter revenue of $18 million to $28 million, compared with estimates of $34.5 million, according to Visible Alpha. Nikola's investors approved a proposal that will allow the truck maker to issue more shares to raise funds. Milton stepped down as CEO in 2020 after short-seller Hindenburg issued a scathing report that labeled Nikola a "fraud." Separately, Nikola reported a narrower second-quarter loss as lower production of its Tre battery-electric trucks in the April-June period helped keep costs in check.

Persons: Stephen Girsky, Brendan McDermid, Nikola, Michael Lohscheller, Trevor Milton, Milton, Hindenburg, Romeo Power, Akash Sriram, Anil D'Silva Organizations: VectolQ, Reuters, of Autonomous Vehicles, REUTERS, General Motors, EV, Lordstown Motors, Thomson Locations: New York City, U.S, Phoenix , Arizona, Bengaluru

☆ EV maker Nikola names fourth CEO in as many years
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] Stephen Girsky, Managing Partner for VectolQ, speaks during a Reuters Newsmaker event on the Future of Autonomous Vehicles in New York City, U.S. June 20, 2017. REUTERS/Brendan McDermid/File photoCompanies Nikola Corp FollowAug 4 (Reuters) - Electric truck maker Nikola said on Friday that Michael Lohscheller will step down as chief executive officer less than a year after taking over the job and would be replaced by Stephen Girsky at the end of the month. Girsky, who is currently the company's chairman, will be Nikola's fourth CEO in as many years. Separately, Nikola reported a narrower second-quarter loss as lower production of its Tre battery-electric trucks in the April-June period helped keep costs in check. Reporting by Akash Sriram in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephen Girsky, Brendan McDermid, Nikola, Michael Lohscheller, Lohscheller, Akash Sriram, Anil D'Silva Organizations: VectolQ, Reuters, of Autonomous Vehicles, REUTERS, Nikola, Thomson Locations: New York City, U.S, Phoenix , Arizona, Europe, Bengaluru

But self-driving cars powered by AI are not the only change — AI technology is already being infused into vehicle production. CNBCFurther down the line, AI technology checks to ensure every stud is precisely placed, according to BMW Group Manager Curtis Tingle. A BMW worker at the AI Stud Correction Station. CNBCAccording to Tingle, the AI stud correction laser has already saved the company more than $1 million a year. BMW told CNBC the AI technology is patent pending and was developed inside the Spartanburg plant.

Persons: Curtis Tingle, Tingle, Camille Roberts, Roberts Organizations: BMW Group, CNBC, BMW, BMW Group's, cnbc Locations: BMW'S, Spartanburg, South Carolina, U.S

☆ Across rural America, data center development booms as investors race to cater to artificial intelligence
▼ + stars: | 2023-07-21 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +10 min

Data center development is booming and AI is expected to stoke already growing demand. Demand is sapping power grids in major markets and pushing data center development across the US. The project's neighbors include Google, Meta, Microsoft, and Amazon – all of whom have similar plans, or are already underway with major data center projects. The message came after a torrid period of growth by the data center industry in that region. Wes Swenson, Nova's CEO, said the Reno region was becoming increasingly popular for data center development because of its access to power.

Persons: Matt McCollister, Martin Peck, Lincoln Rackhouse, Peck, Blackstone, Jonathan Gray, Drew Angerer, Bard, Gray, Pat Lynch, Robbie Sovie, Sovie, Georgia Power, Skybox, Rob Morris, Morris, George Frey, Novva, Wes Swenson, Nova's, Swenson, CBRE, Lynch Organizations: stoke, Lincoln Property Company, Harrison Street, Google, Meta, Microsoft, Amazon, Lincoln, Carrier, QTS, Dominion Energy, Dominion, Washington DC, APS, QuadReal, Georgia, Reuters, Data Centers, CIM Group Locations: Ohio, New Albany, Columbus, Northern Virginia, Dallas, Phoenix, Silicon Valley, Chicago, Virginia, Loudoun County, Washington, Arizona, Southwest, Lithia Springs , Georgia, Atlanta, Vancouver, Hutto , Texas, Austin, Eagle Mountain , Utah, Reno , Nevada, Storey County, Reno, Silicon, Salt Lake City, West Jordan , Utah, CBRE

☆ Volkswagen will start testing self-driving cars in Austin as it moves on from Argo AI
▼ + stars: | 2023-07-06 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +1 min

Volkswagen Group of America (VWGoA) starting its first autonomous vehicle test program in Austin beginning in July 2023. Volkswagen said Thursday that it will begin testing self-driving electric vehicles in Austin, Texas, later this month. The first two of those vans are already in the U.S. and will begin testing before the end of July, it said. The self-driving ID Buzz vans are equipped with lidar, radar and camera systems. For now, all of its self-driving vehicles will have human safety drivers on board while testing.

Persons: Austin, Katrin Lohmann, Lohmann Organizations: Volkswagen Group of America, Volkswagen, Mobileye Locations: Austin, Austin , Texas, U.S

☆ 7. Anduril Industries
▼ + stars: | 2023-05-09 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

Anduril Industries operates in an increasingly complex security environment, where science and technology innovation are needed for the U.S. military to keep an edge. Throughout 2022, defense technology specialist Anduril Industries supplied drones, artificial intelligence software and training to help the Ukrainian Armed Forces conduct surveillance and reconnaissance missions. With a recent round of venture financing directed toward cutting-edge autonomous militaristic products, Anduril Industries stands to help fill this gap and scale it up. Building on that acquisition, last year Anduril Industries partnered with the U.S. Special Operations Command on a 10-year, $967 million contract to provide systems for shooting down drones. Anduril also bought startup Dive Technologies, a maker of underwater vehicles, to expand its suite of autonomous vehicles.

☆ Where the Rubber Reads the Road: Tire Makers Aim for Real-Time Data Streams for Autonomous Vehicles
▼ + stars: | 2023-05-03 | by ( Isabelle Bousquette | ) www.wsj.com time to read: 1 min

A Bridgestone warehouse. Some tires already contain sensors that monitor pressure and wear. Tire makers are trying to develop sensors that could gather data on friction and road conditions in real time to help guide the decisions of self-driving vehicles. Photo: Toru Hanai/Bloomberg NewsTire manufacturers hope to play a critical role in feeding real-time information to self-driving vehicles, though first the companies will have to beat technical limitations and difficulties around data integration. Companies like Goodyear Tire & Rubber and Bridgestone aim to equip the tires of autonomous vehicles with sensors that can gather and relay data on friction and road conditions, helping the vehicles decide, for instance, how fast to take a turn or how soon to start braking.

☆ Top Taiwan chip designer MediaTek 'rapidly' shifts focus to autos, AI
▼ + stars: | 2023-04-28 | by ( Sarah Wu | ) www.reuters.com time to read: +1 min

TAIPEI, April 28 (Reuters) - Taiwan's top chip design company MediaTek is focusing more resources on chips for cars and AI computing as its smartphone clients face a supply glut and inflation and macroeconomic uncertainty dent demand for consumer electronics. "We are definitely moving our resources very, very rapidly towards the automotive and computing areas, because those areas will provide our growth in the next three to five years," MediaTek Inc (2454.TW) Chief Executive Rick Tsai told an earnings call. Tsai said everyone, including MediaTek, was rushing to claim that they were able to support generative artificial intelligence, such as ChatGPT. MediaTek is investing heavily in AI because the new areas the company is focusing on are all related to computing, Tsai said. While smartphone demand has remained lacklustre in the first quarter, the company expects signs of recovery later this year.

☆ Bill Gates says self-driving cars will be as revolutionary as the PC after riding in one
▼ + stars: | 2023-03-31 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

He said the "tipping point" for autonomous vehicles will happen within 10 years. Today, no personal vehicles can drive themselves, though some companies have started offering autonomous-taxi rides in certain cities. Gates believes personal vehicles will get self-driving capabilities only after the tech comes to long-haul trucking, deliveries, taxis, and rental cars. He predicts that autonomous vehicles will eventually be cheaper than regular ones. And he expects that autonomous vehicles will save people time (that they would otherwise be driving) and help the elderly and people with disabilities get around.

☆ Elon Musk's Boring Company wants to build even more tunnels under Las Vegas, but the Loop's Teslas probably won't be self-driving, report says
▼ + stars: | 2023-03-22 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Elon Musk's Boring Company wants to build even more tunnels under Las Vegas, a new proposal showed. The expanded Vegas Loop would include 65 miles of tunnels, TechCrunch reported. The Vegas Loop was approved in October 2021 by Nevada's Clark County, which is home to many casinos and the Las Vegas Convention Centre. It would also allow commuters to reach more casinos, shopping areas, and the University of Nevada Las Vegas. The City of Las Vegas did not comment to TechCrunch other than to say that no construction had begun.

☆ GM CEO meets with senators on self-driving cars
▼ + stars: | 2023-03-17 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

[1/2] The Cruise Origin autonomous vehicle, a Honda and General Motors self-driving car partnership, is seen during its unveiling in San Francisco, California, U.S. January 21, 2020. REUTERS/Stephen Lam/File PhotoWASHINGTON, March 16 (Reuters) - General Motors (GM.N) CEO Mary Barra met with two key senators on Thursday as the Detroit automaker pushes for legislation to speed deployment of self-driving vehicles on U.S. roads. He added that Barra discussed with the lawmakers "the future of mobility -- including autonomous vehicles." GM wants to deploy its Origin vehicle, which has subway-like doors and no steering wheels. NHTSA said it received notices of incidents in which self-driving Cruise vehicles "may engage in inappropriately hard braking or become immobilized."

☆ GM's Cruise to focus on cost cuts as it ramps up robotaxis
▼ + stars: | 2023-03-07 | by ( Abhirup Roy | ) www.reuters.com time to read: +2 min

Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE) last fall announced they would shutter their Argo AI self-driving unit and focus on driver-assistance technology that provided more immediate returns. Cruise's rival and Alphabet Inc's (GOOGL.O) self-driving technology unit, Waymo, has this year laid off over 8% of its workforce. The company is also developing a fully autonomous vehicle called Origin from scratch without a steering wheel and with subway-like doors for rideshare and deliveries. "This is a really pivotal year for us that will really transform not just Cruise but the whole perception of autonomous vehicles." Reporting by Abhirup Roy in San Francisco; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

☆ Even if ChatGPT doesn't take your job, it could help another human replace you, says the economist who famously concluded AI could eliminate nearly half of US jobs
▼ + stars: | 2023-02-07 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

In 2013, Oxford economist Carl Benedikt Frey estimated that nearly half of all US jobs could be replaced by AI. So rather than having your job "outright replaced," Frey says, ChatGPT's adoption may ultimately result in a different outcome — being replaced by another human. That said, he believes the study's estimates regarding potential AI job replacement are still "broadly on target." "We may be more focusing on generating the right ideas, asking the right questions, things that are more interesting." That's because there are arguably some things ChatGPT can't learn from scouring data from millions of websites.

☆ I used to work on Mars rovers and now I develop self-driving cars. Here's how I made the pivot from NASA's JPL to Amazon's Zoox.
▼ + stars: | 2023-01-22 | by ( Alexa St. John | ) www.businessinsider.com time to read: +8 min

The former supervisor at NASA's Jet Propulsion Lab now works at AV startup Zoox. I figured after all the startups, why not work for a big company, and what better big company than NASA? ZooxThe AV space is the next frontier of robotics. What we're trying to do here in the AV space, it's extremely multidisciplinary. You're doing perception, you're doing planning, you're doing prediction, doing simulation.

☆ U.S. startup Outrider raises $73 mln to scale up autonomous yard trucks
▼ + stars: | 2023-01-19 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

Jan 19 (Reuters) - U.S. self-driving truck firm Outrider said on Thursday it has raised $73 million in funding to scale up its autonomous trucks operating in distribution yards for customers in e-commerce, manufacturing and other industries. It also includes fresh funding from American venture capital fund New Enterprise Associates (NEA) and the venture capital arm of industrial conglomerate Koch Industries. Outrider says its self-driving yard truck "hitches to and unhitches from trailers, robotically connects and disconnects trailer brake lines, backs semi-trailers with precision, interacts safely with loading docks, and keeps track of trailer locations throughout the yard." The company says its customers represent more than 20% of all yard trucks operating in North America, and have invested in joint product testing and pilot operations since 2019. Yard trucks are designed to move trailers and cargo containers in distribution yards.

☆ A Tesla driver said he's still a loyal FSD user even after his car swerved off the road and crashed into another vehicle while using Autopilot
▼ + stars: | 2023-01-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Tesla driver Dave Key continues to use Autopilot even after he got into an accident with it, The New York Times reported. The 69-year-old crashed into a police car while using Autopilot in 2018. The Tesla driver said he had a "false sense of security" during the incident and was distracted by the scenery. Key isn't the only Tesla driver to report issues with the software but continue to support Elon Musk's vision for the company. Insider previously reported that a Tesla driver took a 6,392 mile road trip primarily using Autopilot and FSD and continues to view the program as a "lifesaver" despite encountering bugs in the software.

☆ Oxbotica raises $140 mln to deploy self-driving commercial vehicles
▼ + stars: | 2023-01-11 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

LONDON, Jan 11 (Reuters) - Self-driving software startup Oxbotica has raised $140 million from investors to speed deployment of autonomous vehicles (AVs) in areas including heavy industry, ports and airports. The Series C round includes funding from new investors including Japanese insurer Aioi Nissay Dowa Insurance, the venture capital arm of software company Trimble (TRMB.O) and the venture capital arm of Japanese oil refiner Eneos (5020.T). Oxbotica has now raised about $225 million in total and the company said that additional investors are expected to sign up before the funding round closes in a few months. Once regulations catch up with the industry, the company will start running tests on limited routes for Ocado in 2025, Jackson said. "The proceeds (of this funding round) will really accelerate deployment for our commercial customers."

☆ Baidu gets license for driverless robotaxi tests in Beijing
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +2 min

Dec 30 (Reuters) - Baidu Inc (9888.HK) said on Friday it had been granted the first license to test driverless vehicles on roads in Beijing, and would add another 200 robotaxis to its network across China in the coming year. Baidu started to charge fees for its robotaxi service Apollo Go last year. Apollo Go, which operates in Wuhan and Chongqing without a safety driver, delivered a total of 1.4 million driverless rides by end of the third quarter, Baidu has said. The company said it would begin testing 10 fully autonomous vehicles in a technology park developed by the government of Beijing as a step toward offering a commercial robotaxi service in China’s capital. The push by Baidu comes as other companies outside China pull back from the bullish rollout schedule for fully autonomous vehicles predicted just a few years ago.

☆ Bank of America names the tech stocks set to benefit from a driverless car boom
▼ + stars: | 2022-12-15 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

Once considered the stuff of science fiction, Bank of America says self-driving cars now have "real-world visibility." The bank said it expects 2.2 million autonomous vehicles to be on the roads by 2028, citing research by consultancy firm Berg Insights. Internet companies Bank of America said this ramp-up in autonomous vehicles has "broad implications" for internet companies. The bank added that getting the cost of autonomous vehicles down to the level of conventional autos will be key to their transition. Bank of America has a price target of $43 on Uber, giving the stock potential upside of 59.3%.

☆ Analysis: Retailers turn to robots in cost inflation fight
▼ + stars: | 2022-12-01 | by ( James Davey | ) www.reuters.com time to read: +6 min

He estimates the retail industry is 40% automated, but sees that jumping to 60-65% over the next three to four years. The march of the robots can be seen in fashion stores and food shops globally as an industry that employs millions grapples with the cost of rising wages, energy and raw goods. While processes at online retailers are largely automated, vast parts of a traditional retailer's operations are still carried out manually, according to consultants at McKinsey. Looking at the fashion industry, McKinsey expects fashion companies to double investment in technology from 1.6% to 1.8% of their revenue in 2021 to between 3.0% and 3.5% by 2030. "Retailers are saying 'robots are the future,'" Michel Spruijt, Brain Corp's chief revenue officer, told Reuters, adding that the shift could "free up workers from tedious" tasks.

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