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Riot Labor Automation; Robotics and AI balancing job losses with wealth creation

Abstract AI-based technologies, in an increasingly hyperconnected world, threaten to have a suffocating hold on new job growth, leading to economic uncertainty as the global economy adjusts. New opportunities, fueled by Internet of Things (IoT) technology and services, are going to be embraced by developed economies, as they adapt to a swiftly changing labor marketplace. IoT sensors and their supporting networks will enable AI and machine-learning (ML) applications in cloud compute instances to increase enterprise efficiency, using data generated by those sensor networks. By crunching huge amounts of data, these platforms can find patterns that will help increase business margins and provide a concrete return on their investment. However, those AI and ML apps won’t just be put to use…

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