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The introduction of robots into businesses actually slows – at least at first, according to a new study. Researchers found that the introduction of robots bring down profit margins. But as they technology becomes better integrated, it will start to rise again, the study found. Researchers believe that U-shaped curve comes about because of reduced costs, new processes and innovative products. When companies first adopt robots with the aim of reducing costs, competitors are able to do the same, and so profit margins do not initially grow. The real profits come, however, when the robots are properly adopted and integrated into the company’s processes, and they can use that new innovation to develop new products, the researchers suggest. Those are the findings from a new study from the University of Cambridge and published in IEEE Transactions on Engineering Management. While robots are known to increase productivity when looking at a whole industry or country, it is less clear whether it helps with profit margins. The researchers set out to answer that question and see whether companies were using robots to improve processes within companies. And they were also looking to understand whether it had followed the same perhaps unexpected trajectory as when computers were first introduced into businesses. “If you look at how the introduction of computers affected productivity, you actually see a slowdown in productivity growth in the 1970s and early 1980s, before productivity starts to rise again, which it did until the financial crisis of 2008,” said co-author Professor Chander Velu from Cambridge’s Institute for Manufacturing. “It’s interesting that a tool meant to increase productivity had the opposite effect, at least at first. We wanted to know whether there is a similar pattern with robotics.” To find out, researchers gathered data for 25 European countries that showed industry-level trends between 1995 and 2017. That data did not include specific companies but did allow them to see whole sectors. They then gathered robotics data from the International Federation of Robotics (IFR). By setting the two against each other, they were able to see how the adoption of robotics changed profit margins. There they found that U-shaped curve: that the adoption of robotics drove down profits, initially, even if it came back eventually. “Initially, firms are adopting robots to create a competitive advantage by lowering costs,” said Velu. “But process innovation is cheap to copy, and competitors will also adopt robots if it helps them make their products more cheaply. This then starts to squeeze margins and reduce profit margin.” Read More Apple planning new version of AirTags – but not for some time Algorithm finds 600-foot, ‘potentially hazardous’ asteroid near Earth Reddit closes Place after obscene protests Apple planning new version of AirTags – but not for some time Algorithm finds 600-foot, ‘potentially hazardous’ asteroid near Earth Reddit closes Place after obscene protests

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SUNNYVALE, Calif.--(BUSINESS WIRE)--Sep 7, 2023--

VICTORIA, Seychelles--(BUSINESS WIRE)--Aug 31, 2023--

Google and the US Justice Department are beginning what might be the most decisive tech trial in a generation. The lawsuit could have substantial consequences – not only for the search giant, but for its rivals such as Apple and Meta, and the technology industry more broadly. The antitrust trial will examine claims from critics that Google has unfairly used its power to become dominant in a variety of parts of technology, in particular its search engine. The United States will argue Google didn’t play by the rules in its efforts to dominate online search in a trial seen as a battle for the soul of the Internet. The US Justice Department is expected to detail how Google paid billions of dollars annually to device makers like Apple, wireless companies like AT&T and browser makers like Mozilla to keep Google‘s search engine atop the leader board. DuckDuckGo has also complained, for example, that removing Google as the default search engine on a device and replacing it with DuckDuckGo takes too many steps, helping keep them to a measly 2.3% market share. DuckDuckGo, Microsoft and Yahoo are among a long list of Google competitors who will be watching the trial closely. “Google makes it unduly difficult to use DuckDuckGo by default. We’re glad this issue is finally going to have its day in court,” said DuckDuckGo spokesman Kamyl Bazbaz who said thatGoogle had a “stranglehold on major distribution points for more than a decade.” Google has denied wrongdoing and is prepared to vigorously defend itself. The legal fight has huge implications for Big Tech, which has been accused of buying or strangling small competitors but has insulated itself against many accusations of breaking antitrust law because the services the companies provide to users are free, as in the case of Alphabet’s Google and Facebook, or low price, as in the case of Amazon.com. “It would be difficult to overstate the importance of this case, particularly for monopolies and companies with significant market share,” antitrust lawyer Luke Hasskamp told Reuters. “This will be a major case, particularly for the major tech companies of the world (Google, Apple, Twitter, and others), which have grown to have an outsized role in nearly all our lives,” he added. Previous antitrust trials of similar importance include Microsoft, filed in 1998, and AT&T, filed in 1974. The AT&T breakup in 1982 is credited with paving the way for the modern cell phone industry while the fight with Microsoft is credited with opening space for Google and others on the internet. Congress tried to rein in Big Tech last year but largely missed. It considered bills to check the market power of the companies, like legislation to prevent them from preferencing their own products, but failed to pass the most aggressive of them. Big Tech’s rivals now pin their hope on Judge Amit Mehta, who was nominated by former President Barack Obama to the U.S. District Court for the District of Columbia. The lawsuit that goes to trial was brought by former President Donald Trump’s Justice Department. In a rare show of bipartisan agreement, President Joe Biden’s Justice Department has pressed on with the lawsuit and filed a second one against Google in January focused on advertising technology. Judge Mehta will decide if Google has broken antitrust law in this first trial, and, if so, what should be done. The government has asked the judge to order Google to stop any illegal activity but also urged “structural relief as needed,” raising the possibility that the tech giant could be ordered broken up. The government’s strongest arguments are those against Google‘s revenue sharing agreements with Android makers, which requires Google to be the only search on the smartphone in exchange for a percentage of search advertising revenue, said Daniel McCuaig, a partner at Cohen Milstein who was formerly with the U.S. Justice Department’s Antitrust Division. Additional reporting by Reuters Read More AI can help generate synthetic viruses and spark pandemics, warns ex-Google executive Google boss says he wants to make people ‘shrug’ How Google reshaped the world – and is about to do it all over again AI is using vast amounts of water Elon Musk says monkeys implanted with Neuralink brain chips were ‘close to death’ Volcano discovery could power electric cars for decades, scientists say

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YouTube said on Monday that it had removed a video of presidential hopeful Robert F. Kennedy, Jr. being interviewed by podcast host Jordan Peterson for violating its policy prohibiting vaccine misinformation.

TAIPEI--(BUSINESS WIRE)--May 16, 2023--

Getting those Blue Onions can be tough. Here's a guide to help you out.