Monetary Watch reports that Bank of America is testing out peopleless banks, putting teleconferencing in its place, effectively reducing the number of people needed to operate a branch — a handful would run several. Meanwhile, a report from British think tank Reform notes that "90% of British civil service workers have jobs so pointless, they could easily be replaced by robots," blaming unions for the inefficiency — no word yet as to when they will replace politicians.
As for self-driving cars, you may need a two-in-one insurance policy which, while making it easier to know who to blame when the car gets into an accident — you or the car depending on who is driving — may mean higher insurance rates. We live in interesting times.
However a spokeswoman at the Association of British Insurers, which represents insurers, said uncertainty around the introduction of driver-less cars could initially make motor insurance more expensive.
When the new technology is in place it should eventually increase road safety, potentially making policies cheaper over the longer term, she added.
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|"Think of it like a motorcycle in the sky."|
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|“The use of AI assistants may dramatically accelerate and broaden what might be looked back on as a global period of cognitive decline.”|
|“Eliminating the time needed to stop and re-charge a conventional electric car’s battery.”|
|“That science fiction future where robots can do what people and animals do may be closer than you think.”|
|“Nobody is forcing the participants to stay, of course, but if they leave, they won’t be paid.”|
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|“This 160-step biochemical process is very well studied, and surprisingly inefficient.”|
|“We’re going to start to see chip implants get the same realm of acceptance as piercings and tattoos.”|
|“Our Internet handlers, not government, are using operant conditioning to modify our behaviour today.”|
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|“The shift from fuel and pistons to batteries and electric motors is unlikely to take that long.”|
|“During this phase of decline, the US was likely to go through a phase of reactionary 'fascism'.”|
|“The algorithm chose; Max attended.”|
|“After 78 years, the helicopter has been reinvented.”|