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

David Balogun is a normal kid who competes in paper airplane races with his younger sister, Eliana and struggles to sit still, but he is also one of the youngest people in the United States to receive a high school diploma. In late January, Balogun graduated from Reach Cyber Charter School, which is a tuition-free online school in Pennsylvania. This month he will be starting classes at Southern New Hampshire University as a full-time student. Balogun and his parents, Ronya and Henry, spoke about what it was, and still is, like raising someone with a high intellect on CNBC Make It. The couple said they first tested their son’s intelligence when he was six years old. After that, they began to rethink any parenting philosophies they previously had. “There’s no book on it,” Ronya said. “You’ve got to develop a different mindset as a parent,” Henry added. “It’s not always easy when your son is asking you questions constantly. You have to keep answering the questions, because you don’t want to say, ‘Just leave me alone.’” Because of David’s unique circumstances, they’ve developed their own number one rule: When a system isn’t built for your child, don’t try to fix your child. Try to fix the system. Ronya said when David was in first grade, a regular classroom wasn’t working anymore, noting that sometimes his peers would listen to him more than the teacher. So they looked into their state’s gifted programs, which also proved to not be rigorous enough for their nine year old. In 2020, his parents enrolled him in Reach which allowed him to individualise his curriculum and take high school level classes. Although that didn’t come without challenges, including multiple calls to The College Board because David’s birthdate was too young to enroll in advanced placement exams. As for deciding on college, Ronya said she had to put her foot down mentioning she didn’t want David in a class filled with 20 year olds. “It’s a different adaptation that we don’t have in the United States of America yet. It’s very scary, you can’t find this,” she said. “Sometimes I can’t fix the system, but there are other unconventional choices and solutions to help lead my son through his journey to fulfill his dreams.” Trust is also a big part in parenting David, his parents said. They mentioned that, when he was learning specific skills like adding and subtracting negative numbers before he was taught, they had to believe he knew how. “I can’t tell him, ‘This is what you know,’ because I’m not in his brain,” Ronya said. “I have to trust him to be partially leading the way.” Although there are some boundaries in this trust, as David came home one day claiming he now knew where babies came from. His mother was able to briefly give him some information on reproductive anatomy before putting the conversation to a stop. “Mind you, at this moment, I’m talking to a six year old,” Ronya said. In terms of what happens to David beyond college, his parents are unsure and are just figuring it out as they go along. “There is no frame of reference,” Ronya said. “So you know how sometimes when there is no path, you start a new path? Yep, that’s what we’re doing.” The Independent has contacted Ronya and Henry for comment. Read More TikToker urges parents to save old clothes for their children after inheriting mother’s wardrobe Mother criticises ‘double standard’ after husband is praised for taking toddlers to grocery store Mother sparks viral debate for ‘shaming’ parent who refused to give her daughter a slice of cake TikToker urges parents to save all their old clothes for children to inherit Gen X mother goes viral for attack on ‘tired’ American Dream Couple discovers why their child thought ‘mums foam at the mouth while having babies’

Scientists have been left shocked and worried by a recent discovery made beneath the Thwaites Glacier in Antarctica, otherwise known as the 'doomsday glacier.' The huge amount of ice has been destablised and has been reduced by nearly nine miles since the 1990s. It is believed to hold a large amount of water, that if it were to completely melt would raise sea levels by more than 2 feet around the globe and could unleash more water if neighbouring glaciers are disturbed. Now, new research carried out at the location in West Antarctica that deeper cracks are beginning to form on the shelf of the glacier potentially compromising its intergrity, as published in a study on the science journal Nature. Scientists used a robot named 'Icefin' to bore 2000 ft down below the glacier's surface to get a better look at what is going on beneath it by taking photos and videos as well as collecting valuable pieces of data about temperature and sea levels. What they found wasn't very reassuring. Although the rate of the melting wasn't as fast as they had originally feared the researched still painted a "very nuanced and complex picture." Speaking to CNN, lead researcher Peter Davis said: "The glacier is still in trouble. What we have found is that despite small amounts of melting there is still rapid glacier retreat, so it seems that it doesn’t take a lot to push the glacier out of balance." However, it wasn't all doom and gloom as robot creator and scientist Britney Schmidt of Cornell University, revealed that signs of life had been found on the glacier. She said: "To accidentally find them here in this environment was really, really cool. We were so tired that you kind of wonder like, ‘am I really seeing what I’m seeing?'. "You know because there are these little creepy alien guys (the anemones) hanging out on the ice-ocean interface. In the background is like all these sparkling stars that are like rocks and sediment and things that were picked up from the glacier. And then the anemones. It’s really kind of a wild experience." That being said, Oregon State University ice researcher Erin Pettit, who didn't work on the study believes that the findings are a cause for concern. She told Associated Press: "Thwaites is a rapidly changing system, much more rapidly changing than when we started this work five years ago and even since we were in the field three years ago. I am definitely expecting the rapid change to continue and accelerate over the next few years." 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.

CLEVELAND--(BUSINESS WIRE)--Aug 28, 2023--

During a livestream, xQc received a link from Adin Ross on Discord that left him hopping mad

Eighteen private Jewish schools run by New York City’s politically powerful Hasidic community deprived thousands of students the required secular education in English, math, science and social studies

Meta will launch a paid-for, subscription-based version of Facebook and Instagram. The company will allow people to pay up to €13 to have no ads appear on those apps. The change has been made to comply with European Union regulations, it said. As such, it will only be available to people in the EU, the European Economic Area and Switzerland. The monthly subscription plans for users in the EU, European Economic Area and Switzerland, will cost 9.99 euros ($10.58) for web users, while iOS and Android users will have to shell out 12.99 euros a month. The difference is to account for the fees taken by Apple and Google for payments on its platforms, Meta said – a move that follows a similar price difference for Twitter’s premium offering. The EU regulations threaten to curb Meta’s ability to personalize ads for users without their consent and hurt its major revenue source. Users across the world will continue to be able to use the site for free, and will see no change to their experience as a result, Meta said. But offering the paid-for subscription version allows Meta to comply with “the requirements of European regulators”, the company said, after a recent ruling. Having the option of paying for a version of Facebook and Instagram with no ads means that people will have more clearly consented to having their data used for marketing, Meta suggested it in its announcement. That in turn means it will better comply with European regulations, it said. The world’s most popular social media network has been under antitrust pressure in the EU. In July, it lost its fight against a German data curb order as Europe’s top court backed the German antitrust watchdog’s power to also investigate privacy breaches. Offering a choice between a free, ad-supported plan and an ad-free paid subscription might lead to users opting for the former, helping Meta to comply with the regulations without affecting its ad business. Meta was fined 390 million euros earlier this year by Ireland’s Data Privacy Commissioner, and was told it cannot use the so-called “contract” as a legal basis to send users ads based on their online activity. The company later said it intended to ask users in the EU for their consent before allowing businesses to target ads in order to address evolving regulatory requirements in the region. Additional reporting by agencies Read More Threads is not dying, Mark Zuckerberg insists Letitia James and 32 other attorneys general sue Meta for ‘harming youth’ People’s Instagram posts are showing where they are not expected

SAVE $10: GameStop is overhauling its PowerUp Rewards membership program (soon to be named GameStop

Another prominent podcaster is leaving Spotify Technology SA, as the company reverses many of its biggest investments in

Less than a day after going live, the official forum for the anime franchise has been swamped with rude questions.

David Risher had a rocky first week at his job.

Nasa has convened a public meeting to discuss sightings of unexplained phenomena in the sky. The space agency has convened a panel to examine sightings of what it calls UAPs, or unidentified aerial phenomena, which many refer to as UFOs. Now the group has given its first public discussion, ahead of a report due to be published later this year. The space agency said the work was aimed at making it easier for people to report those UAPs, as well as to examine what exactly they might be. But representatives said that the panel involved in the work had received sustained abuse that had got in the way of that work. “Harassment only leads to further stigmatisation of the UAP field, significantly hindering the scientific progress and discouraging others to study this important subject matter,” said Nicky Fox, associate administrator for NASA’s science mission directorate/ Nonetheless, Nasa said that it would be working to examine those reports of UAPs. “The presence of UAPs raises concerns about the safety of our skies, and it’s this nation’s obligation to determine if these phenomena pose any potential risks to airspace safety,” said Daniel Evans, Nasa’s assistant deputy associate administrator for research. The work is about safety but also the space agency’s “responsibility to be honest and forthright and to follow the science”, he said. But the data on UAPs has so far been “fragmented”, according to the panel’s chair, David Spergel, with problems of imprecision and having information spread across different agencies. Those issues meant that it was difficult to provide conclusions on every reported UAP event. He called for better data and joined other panelists in arguing that it should become less stigmatised for people to come forward about their sightings. Numerous panelists said that there was a “stigma” about reporting such phenomena that made it difficult to fully examine what might be going on. The 16-member panel includes experts in everything from physics to astrobiology, and began its work last June. Wednesday’s session is the first public hearings by the group – which itself represents the first such inquiry into unidentified aerial phenomena by Nasa. The NASA study is separate from a newly formalized Pentagon-based investigation of unidentified aerial phenomena, or UAPs, documented in recent years by military aviators and analyzed by U.S. defense and intelligence officials. The parallel NASA and Pentagon efforts - both undertaken with some semblance of public scrutiny - highlight a turning point for the government after decades spent deflecting, debunking and discrediting sightings of unidentified flying objects, or UFOs, dating back to the 1940s. The term UFOs, long associated with notions of flying saucers and aliens, has been replaced in government parlance by “UAP.” While NASA‘s science mission was seen by some as promising a more open-minded approach to a topic long treated as taboo by the defense establishment, the U.S. space agency made it known from the start that it was hardly leaping to any conclusions. “There is no evidence UAPs are extraterrestrial in origin,” NASA said in announcing the panel’s formation last June. In its more recent statements, the agency presented a new potential wrinkle to the UAP acronym itself, referring to it as an abbreviation for “unidentified anomalous phenomena.” This suggested that sightings other than those that appeared airborne may be included. Still, NASA in announcing Wednesday’s meeting, said the space agency defines UAPs “as observations of events in the sky that cannot be identified as aircraft or known natural phenomena from a scientific perspective.” U.S. defense officials have said the Pentagon’s recent push to investigate such sightings has led to hundreds of new reports that are under examination, though most remain categorized as unexplained. The head of the Pentagon’s newly formed All-domain Anomaly Resolution Office (AARO) has said the existence of intelligent alien life has not been ruled out but that no sighting had produced evidence of extraterrestrial origins. Additional reporting by agencies Read More Nasa says Jeff Bezos will build moon lander to take astronauts to the Moon Opinion: The real reason companies are warning that AI is as bad as nuclear war Electric car drives for 100 hours non-stop on futuristic road Opinion: The real reason companies are warning that AI is as bad as nuclear war Electric car drives for 100 hours non-stop on futuristic road US and China ‘intertwined like conjoined twins,’ says Musk