Axios Future

Axios Future

Have your friends signed up ?

Situational awareness: Sears is suing Eddie Lampert, its former CEO, and his hedge fund for allegedly siphoning off its assets, reports WSJ . Last year, we reported on accusations that Lampert cannibalized Sears .

Any stories we should be chasing? Hit reply to this email or message me at steve@axios.com . Kaveh Waddell is at kaveh@axios.com and Erica Pandey at erica@axios.com .Okay, let’s start with … 1 big thing: An AI frenzy Illustration: Sarah Grillo/Axios Amid a torrid geopolitical, commercial and scientific race around artificial intelligence, universities are adding professors, classes […]

Walmart Is Deploying Thousands Of Robots To Replace Human Workers — What This Means For Your Job

Walmart Is Deploying Thousands Of Robots To Replace Human Workers -- What This Means For Your Job

Walmart proudly announced a new addition to its stores: lots of robots. The robots will take the place of humans and engage in routine tasks, such as scanning shelf inventory and boxes as they arrive into the stores. Walmart contends that the influx of robots will reduce the number of workers engaged in "repeatable, predictable and manual" tasks.

At first blush, this seems relatively innocuous. However, when you consider the deeper and darker ramifications, things start to look frightening. There have been studies conducted heralding the introduction of robotics, Artificial Intelligence (AI) and other technologies. The reports conclude that this […]

Women Will Face Disproportionately Negative Consequences from AI

Women Will Face Disproportionately Negative Consequences from AI

Prompts on how to use Amazon’s Alexa personal assistant are seen as a Roomba begins cleaning a room in an Amazon “experience center” in 2018. (Reuters / Elijah Nouvelage) Apple’s Siri, Amazon’s Alexa, Netflix’s prediction of your next favorite show—we’re already living with artificial intelligence, and its adoption by the business world will only increase in coming years. We’re already hearing about AI’s potentially disastrous impact on the labor market, but how will these technological tools, designed to augment or replace human cognition, affect women?

The first-ever study to map the labor consequences of AI for women, published by the […]

Spotlight: Time to prepare workers for future as fourth industrialization beckons

LONDON, April 11 (Xinhua) — Humans will be further liberated from strenuous and monotonous labor thanks to the development of robotics, artificial intelligence (AI), big data and other technologies that lead to the fourth industrial revolution.

Industry and technology leaders have realized it is high time that businesses and universities prepare workers for the future in an innovative way.

FAREWELL TO STRENUOUS, REPETITIVE WORKThe Industry 4.0 Summit and Expo, the UK’s largest event for the fourth industrial revolution, running from Wednesday to Thursday in Manchester, attracted start-ups, manufacturing companies, universities and other institutions that are involved in development and application of […]

AI could disrupt workforce in every sector by 2030, Brookfield report finds

AI could disrupt workforce in every sector by 2030, Brookfield report finds

Within the next 10 to 15 years, the Canadian workforce could face complex forces ranging from automation to digitalization, as technology begins to progressively assimilate into daily life. As part of its Employment in 2030 project, a new report by the Brookfield Institute for Innovation and Entrepreneurship explored the various trends compelling these big changes in Canada’s workforce. “Imagining possible futures can allow us to anticipate and plan more effectively for what’s to come.” The Turn and Face the Strange report used strategic foresight research methods to answer the broader “what if” questions that surround the future of employment […]

How automation could affect employment for women and minorities

How automation could affect employment for women and minorities

As automation technologies advance— from natural language processing and machine learning to self-driving vehicles—the number of jobs, as well as their very nature, will be affected. In the United Kingdom, our research suggests that, with the right actions, women could benefit from the effects of advanced technologies on skills and jobs. In the United States, without concerted effort—including retraining—the impact of automation could heighten existing disparities for African American workers. The two stories that follow look at the magnitude of potential change and steps that could mitigate the downside. Automation and the future of women at work

Much has […]

Will robots kill chemistry?

Will robots kill chemistry?

A robot holds a flask. ’m just barely a midcareer professional, and tumult is one word that I can use to describe the economic shifts within chemistry that I’ve witnessed. In my short time in the industry, I’ve seen countless layoffs, the effects of off-shoring, and the dramatic swings in the business cycle that the Great Recession brought chemistry. Many jobs in the chemical enterprise have shifted to China and India, and mergers and acquisitions of companies have led to the shutdown of long-standing giants in the world of industrial chemistry. So it’s no surprise that chemists often discuss […]

Walmart Announces New Workforce Addition: Thousands of Robots

Walmart Announces New Workforce Addition: Thousands of Robots

New addition to the workforce at Walmart. A new tech trend has emerged at the world’s largest retailer, as Walmart brings on board thousands of robots in nearly 5,000 of its 11,348 stores. According to CNN Business , these robots will be scrubbing floors, scanning boxes, unloading trucks and tracking shelf inventory at mostly domestic US locations.

Robots will replace lower-level jobs – serving in janitorial functions as well as performing basic inventory work – in order to manage rising costs. A new robot unloader has already been used on the docks in hundreds of stores, pulling boxes from delivery […]

How Digital Natives and Automation Are Reshaping the Workforce

How Digital Natives and Automation Are Reshaping the Workforce

Dr. Julie Albright during her keynote presentation at the Data Center World 2019 conference in Phoenix. (Photo: Rich Miller) PHOENIX, Ariz. – If you sometimes feel uneasy about the pace of technology and how quickly it is changing our world, you’re not alone. The exploding use of mobile devices is changing how we live and work, according to Dr. Julie Albright, especially for a generation of younger “digital natives” who have grown up with these technologies.

Albright is a Digital Sociologist at the University of Southern California, who studies the impact of technology on human behavior and society. She says […]

Robots set for uprising against taxes after taking too many jobs from humans

Robots set for uprising against taxes after taking too many jobs from humans

New report warns against taxing robots

There are increasing calls for policymakers to impose taxes on robots and other capital goods based on the faulty analysis that doing so is necessary to raise adequate government revenue, restore labor income, and remove “distortions” in the tax code.

However, a new report from the Information Technology and Innovation Foundation (ITIF), the world’s leading think tank for science and technology policy, shows that these concerns are illusory and that taxing robots would slow productivity growth, as well as growth in wages and GDP.Robert Atkinson, ITIF president and author of the report, […]