As U.S. Builds AI Competitiveness, Russia Warns About Global Leadership

Robotics Business Review

As the annual RoboBusiness conference approaches, it’s imperative to keep track of developments around the world! This week, we look at job fears in Germany, U.S. AI competitiveness, and foiling an old-fashioned burglary of cutting-edge tech.

Robotics Business Review has partnered with me to bring you this week’s roundup of global developments in automation and geopolitics. Are you ready to be updated?

Robotics companies to blame for automation?

John Cryan, the CEO of Deutsche Bank, has rung the alarm bells on automation. During a speech at a conference, Cryan said that because of technology, the bank “won’t need as many people.” He went on to say that a “big number” of people will be replaced by robotics and AI.

His comments contradict those of other observers who have said that robots are in fact not taking jobs. Ultimately, there will be displacements, if not as fast as some warn. Could the banking industry be more at risk than manufacturing?

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