Some people believe that robots will one day take over the world and kill us all, but these people have so far been dismissed as being overly concerned or more simply as “crackpots”.
But now, the International Monetary Fund is warning of a “death spiral” caused by what it calls the “robot revolution”.
In a working paper, Should We Fear the Robot Revolution? The Correct Answer is ‘Yes’, produced by Andrew Berg, Edward Buffie and Luis-Felipe Zanna, the IMF analyses the effects of robotics, automation and artificial intelligence on economies around the world. [Read more…] about IMF warns of ‘death spiral’ caused by global domination by robots