How Will Humanoid Robots Impact the Economy?

Get in Front of 50k Tech Leaders: Grow With Us — Let Us Feature You.

If you’d like to unsubscribe, please look at the link at the bottom of this email.

Happy Wednesday, folks!

Exploding walkie-talkies and pagers, Copilot PCs that may not live up to the hype, humanoid robots possibly taking over faster than expected, and AI agents eyeing your job — we’ve got a lot to cover this Wednesday, September 18th. Plus, our *Building in Public* section is back, along with new No-Code tools to help you automate tasks. Let’s dive in!

Brought to you by OpenCV:

• 📰 News and Trends.
• Are Microsoft Copilot+ PCs Worth the Hype?
• How Will Humanoid Robots Impact the Economy?
• Jumpstart Your AI Career with OpenCV University’s 100-Day AI Challenge!
• Building in Public #3 (An Autonomous parking lot App)
• 🧰 AI Tools (Low Code — No Code VI)

Get 60% off for 1 year

📰 AI News and Trends

• Nvidia Recently Discussed Acquiring Software Startup OctoAI for $165 Million (TheInformation)
• TikTok’s owner wants to design its own AI chips with the help of TSMC, Intel has received governmnet contract and an injection of cash to speed up chip production. Competitors are coming for Nvidia’s crown.
• Mistral has introduced a free API, improved pricing across the board, a new enterprise-grade Mistral Small, and free vision capabilities on le Chat (Mistral)
• Most US Teens Use Generative AI. Most of Their Parents Don’t Know. A news survey shows that AI use among high schoolers has exploded in recent months, as educators and parents struggle to keep up (Wired)
• Salesforce unleashes its first AI agents and acknowledges that it will take jobs (Axios)

🌐 Other Tech news

• Walkie-Talkies just exploded in Beirut adding to yesterday’s exploding of pagers belonging to Hezbollah members killing 11 people, including 2 minors, and injuring nearly 2,800 in Lebanon. Experts believe the devices were compromised with explosives, likely by Israeli operatives, as part of an effort to disrupt Hezbollah’s communications amidst escalating conflict (Wired)
• Londoners will soon see drones ferrying blood between hospitals (TC)
• Snap’s new Spectacles inch closer to compelling AR (TheVerge)
• Neuralink’s ‘Blindsight’ Vision Device Receives FDA Breakthrough Designation (Reuters)
• Instagram will force millions of teens into protected accounts (CNN)

Your Brand in Front of 50k+ Tech Professionals.

Advertise with Us!

How Will Humanoid Robots Impact the Economy?

An analysis of humanoid robotics explores their potential impact on industries like manufacturing. Humanoid robots could transform the economy, to the beat of ~$24 trillion, split between household and manufacturing robotics.

In the U.S. manufacturing sector, where nearly 12 million people work, the research suggests that 5.9 million humanoid robots could replace human workers, cutting payroll costs by half while maintaining $2.4 trillion in output. The tipping point for widespread adoption is when humanoid robots become more cost-effective, at $16,000, delivering just a 5% productivity gain over human labor. As of today, humanoid prices vary widely, starting at $5,000 for basic models and soaring to over $500,000 for the most advanced ones, while maintenance and upgrades can range from $1,000 to $10,000 annually.

Large manufacturing firms, which benefit more from automation, already enjoy higher productivity and lower labor costs than small firms. Small manufacturers, burdened with higher labor costs, could disproportionately benefit from generalizable humanoid robots. These robots may provide a significant boost, especially as companies face labor shortages and onshoring trends post-COVID, potentially pushing the robotics market into trillions.

Share

Jumpstart Your AI Career with OpenCV University’s 100-Day AI Challenge!

100 Days left for the end of the year, are you already ready for a challenge that can turbocharge your AI Career? Check out the 100-DAY AI Career Challenge at OpenCV University

Learn cutting-edge AI, Computer Vision, and Deep Learning skills in 100 days!

Don’t wait — start your AI journey today and secure your spot in the challenge! Register now and unlock your potential. Use Coupon: “YARO” for a 35% Discount.

Learn More.

Are Microsoft Copilot+ PCs Worth the Hype?

Microsoft’s Copilot+ PCs, launched in May 2024, are AI-focused laptops with advanced specs like 40 TOPS processing power, 16 GB RAM, and 256 GB storage. They feature AI tools like automatic resolution adjustments, real-time translation, and enhanced video calls. Initially built on Qualcomm’s ARM-based chips, Intel and AMD versions are coming by late 2024.

While Copilot+ PCs offer excellent battery life and unique AI functions, they face app compatibility issues and poor graphics performance, making them less ideal for gaming or heavy-duty tasks. Future Intel and AMD models may improve compatibility but could reduce battery efficiency.

Get 60% off for 1 year

Building in Public #3

In partnership with OpenCV.

What did we build this week? This week, we developed a parking app that allows users to reserve and pay for a parking spot via a website. While the front end is currently simple and basic, the back end is fully functional, and we’re confident we can enhance the user interface as needed. Users can reserve their spot by entering their car plate number on this link. No payment is needed to test it, and when they arrive at the lot, a camera reads the plate to verify payment. If payment hasn’t been made, a message is displayed denying entry. If payment is made, they will be allowed to enter the lot.

The app was built using Python for the back end, HTML for the front end, and OpenCV libraries for the license plate recognition functionality. It’s hosted on a Digital Ocean droplet.

Currently, you can manually upload an image of the car plate number you entered to compare it against registered plates. In the future, this functionality will be integrated with a camera at the parking lot entrance for automatic detection.

For the above step, I entered a car plate number (i.e. 123ABC) on a text file and screenshot it to upload it as an image. If you want the code, i’ll be happy to send it to you or tweak it to fit your needs.

🧰 AI Tools

Low Code — No Code VI

• Nanonets — Put your Business Processes on autopilot with AI. Uncover valuable insights from any document and automate repetitive tasks, with AI-powered workflows.
• Axiom — Use browser bots to automate website actions and repetitive tasks on any website or web app.
• 10Web — Create a website using AI Website Builder, host it on 10Web Hosting, and optimize it with PageSpeed Booster.
• Monitaur — Responsible AI solutions. By bringing data, governance, risk, and compliance teams together onto one platform to mitigate AI risk, leverage your full potential, and turn intention into action.
• Teleporthq — Collaborative front-end platform with AI capabilities and headless content management system integrations. A powerful visual builder to create and publish your static and dynamic websites instantly.
• FRENZ Brainband by Earable — Silence your thoughts and drift into a deeper sleep. — AI-powered, scientifically-backed sleep tech transforming restless nights into restful slumber. Exclusive savings with code ‘celis’!*

Download over 750+ Tools free here.

👾How Will Humanoid Robots Impact the Economy? was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.