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Archive for June 9th, 2017

Robots Moving East

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The robot wars are headed east.

TechCrunch is reporting that Japanese tech giant Softbank is buying robotics firms Boston Dynamics and Schaft from Alphabet.

Direct from the press release:

Masayoshi Son, Chairman & CEO of SoftBank Group Corp., said, “Today, there are many issues we still cannot solve by ourselves with human capabilities. Smart robotics are going to be a key driver of the next stage of the Information Revolution, and Marc and his team at Boston Dynamics are the clear technology leaders in advanced dynamic robots. I am thrilled to welcome them to the SoftBank family and look forward to supporting them as they continue to advance the field of robotics and explore applications that can help make life easier, safer and more fulfilling.”
– via SoftBank Group

The release also explains: “The transaction aligns with SoftBank’s investments in paradigm-shifting technology and its vision of catalyzing the next wave of smart robotics.”

But this likely isn’t just about robots for robotics’ sake. A recent CNBC story explained that Japan’s service sector accounts for 70 percent of its economic output, and yet its labor productivity is 40 percent less than in the U.S.

And Japan’s population is declining faster than any other country:

Economists argue that Japan either needs to accept more immigrants or put robots to work.
– via CNBC

Okay, robots, smoke break’s over, get back to work!

Written by turbotodd

June 9, 2017 at 9:49 am

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