Robotics & Automation News

Market trends and business perspectives

imf

IMF warns of ‘death spiral’ caused by global domination by robots

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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

‘Robots are going to take over the jobs,’ says IMF boss Lagarde

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The head of the International Monetary Fund, Christine Lagarde, has said what many people have been afraid of for a long time – that robots are going to take over the world.

Lagarde also acknowledged that no one has any idea what’s going to happen in the future.

Speaking to The Wall Street Journal in an exclusive interview, Lagarde says: “There is clearly a fear and an anxiety that robots are going to take over the jobs and that is going to create significant unemployment for the people who have been the workers, replaced by the robots.  [Read more…] about ‘Robots are going to take over the jobs,’ says IMF boss Lagarde