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U.S. robotaxi operators could face increased regulatory scrutiny after an accident involving Cruise, the self-driving cab business of

(Reuters) -Target said on Tuesday it would hire nearly 100,000 employees for the holiday season, a number that has been

As the unprecedented strike by the United Auto Workers nears the one-month mark, it’s become clear the battle

DUBLIN--(BUSINESS WIRE)--Aug 16, 2023--

iOS 17, poised for an official release date of Sept. 18, is electrifying iPhone users

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

Torrential rainfall in the wake of Typhoon Doksuri has been inundating parts of northern China, flooding neighborhoods, damaging

If there’s one thing astronauts don’t want to face when out in the endless expanse of space, it’s signs that their station is being sabotaged. And yet, cosmonauts Oleg Kononenko and Nikolai Chubwere forced to face a strange phenomenon during a spacewalk last week. The pair exited the International Space Station (ISS) on Wednesday to fix a radiator which had sprung a leak. And while they were out, they were met by a close encounter of a very strange kind. Inspecting the source of the leak during their outing, Kononenko reported seeing a number of holes on the radiator panel. "The holes have very even edges, like they've been drilled through," he told Moscow Mission Control, according to Space.com. "There are lots of them. They are spread in a chaotic manner." The cosmonauts were given tissues and cloths to soak up any fluid that had seeped out of the radiator, with the pool of liquid coolant described as a growing “blob”. However, Kononenko got so close to the “blob” that one of his tethers became contaminated. This meant that it had to be bagged up and discarded outside the ISS before the cosmonauts could go back inside. The external radiator was mounted on the outside of Russia’s Nauka module – home to a multipurpose laboratory – which was launched in 2021. It was used as a backup to another radiator which regulates the temperature inside the lab. Kononenko and Chub closed a number of valves to cut off the external radiator from its ammonia supply, and it’s believed that the “blob” formed from residual ammonia that was disturbed when the valves were being shut. The toxic liquid certainly wouldn’t have been welcome on board the space station, hence why the two colleagues embarked upon their spacewalk armed with cloths to wipe down their spacesuits and tools. Russian engineers on the ground will use the data they collected to further investigate the cause of the leak and figure out how to fix the radiator. The question now is will they be able to work out where those mysterious little holes came from? Sign up for our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings

CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--Sep 20, 2023--

FC 24 Trailblazer Center Back Evolution program details including how to complete each level, the best players to use, the full list of player rewards and more.