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Will a robot replace you? | ticker VIEWS

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Online supermarket Ocado is taking the human touch out of grocery packing

British online supermarket, Ocado is leading the way for automation technology. 3000 bots move around swiftly, at about four meters per second.

 

The Ocado warehouse is bigger than six Olympic-sized swimming pools. Now, other supermarkets around the world are using the license for this robot program.

Increasing grocery automation

The bots aim is to get groceries together quicker than humanly possible. They operate using advanced artificial intelligence. They look like washing machines on wheels and move in a flawless formation, within millimeters of each other.

The bots move quickly over large squares, with 21 containers underneath each square. Over 50,000 Ocado products fill the containers. The bots have an algorithm that tells them where to store the products.

When an order is received, the bots come to life and get straight to work. They know exactly what route and container they’re working on, using their carefully orchestrated systems.

The bots have mechanisms that allow them to pick and pack products. They work together to help each other throughout the day, clearing the way for each other and eliminating any congestions.

There are bots for grabbing containers, bots to pick and pack the items, and bots to finalise the order and put it in the delivery van. It takes less than 15 minutes to complete an order, and has a 99% accuracy rate.

Improving accuracy, cutting waste

Ocado is 21 years old and used traditional systems for many years. They worked with conveyor belts and cranes. However, this system is prone to human error and less productivity. Years ago, the orders took three hours to complete.

The new system is helping with productivity, cutting back on waste, improving accuracy and customer satisfaction.

Other supermarkets are hiring robots

Ocado is at the forefront of the online supermarket game, by using the latest automated technology. They now license this program to several major grocers around the world in the US, France, and Australia.

Although, according to market forecasting company Oxford Economics, up to 20 million manufacturing jobs around the world could be lost to robots by 2030.

The ultimate end goal is to have warehouses run entirely by robots. Ocado now has a stock market value of over $22 billion and is a publicly-traded company.

Holly is an anchor and reporter at Ticker. She's experienced in live reporting, and has previously covered the Covid-19 pandemic on-location. She's passionate about telling stories in business, climate and health.

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TikTok launches Instagram competitor ‘Notes’

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TikTok Notes has launched in Australia & Canada as a formidable competitor to Instagram, offering a unique platform for content creation, text and sharing.

“TikTok Notes is a lifestyle platform that offers informative photo-text content about people’s lives, where you can see individuals sharing their travel tips and daily recipes,” reads the official App Store description.

Take note

The app allows users to create content by combining short videos with text-based notes, closely resembling that of Meta’s Instagram.

Whether it’s sharing a quick tutorial, a personal anecdote, or a thought-provoking message, TikTok Notes is positioned to be a formidable social media platform.

Currently, the app is only available for download and “limited testing” in Australia and Canada.

As it gains momentum, the platform is poised to contest Instagram’s established reign in the social media landscape.

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Ramifications of a TikTok ban to impact Open Internet

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The United States’ longstanding advocacy for an open internet faces a critical juncture as Congress considers legislation targeting TikTok.

The proposed measures, including a forced sale or outright ban of TikTok, have sparked concerns among digital rights advocates and global observers about the implications for internet freedom and international norms.

For decades, the U.S. has championed the concept of an unregulated internet, advocating for the free flow of digital data across borders.

However, the move against TikTok, a platform with 170 million U.S. users, has raised questions about the consistency of America’s stance on internet governance.

Read more – Big tech to handover misinformation data

Critics fear that actions against TikTok could set a precedent for other countries to justify their own internet censorship measures.

Russian blogger Aleksandr Gorbunov warned that Russia could use the U.S. decision to justify further restrictions on platforms like YouTube.

Similarly, Indian lawyer Mishi Choudhary expressed concerns that a U.S. ban on TikTok would embolden the Indian government to impose additional crackdowns on internet freedoms.

Moreover, the proposed legislation could complicate U.S. efforts to advocate for an internet governed by international organizations rather than individual countries.

China, in particular, has promoted a vision of internet sovereignty, advocating for greater national control over online content.

A TikTok ban could undermine America’s credibility in urging other countries to embrace a more open internet governed by global standards.

 

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BlackRock CEO Larry Fink says AI leads to higher wages

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Larry Fink, the CEO of BlackRock Inc., has outlined his vision for the impact of the firm’s investment in artificial intelligence.

During the company’s recent earnings call, Fink emphasized the connection between productivity gains driven by AI and the potential for rising wages among BlackRock’s workforce.

He explained the firm’s ambition to leverage AI technology to enhance efficiency, enabling employees to accomplish more with fewer resources.

Fink’s remarks underscore BlackRock’s strategic approach to harnessing AI as a tool for optimising operations and driving organisational growth.

Read more – Australia’s productivity gap widens

By leveraging AI-driven productivity enhancements, the company aims to empower its employees to deliver greater value, thereby paving the way for wage increases across the organisation.

The CEO’s statement reflects a broader trend in the intersection of technology and labor dynamics, where advancements in AI and automation have the potential to reshape workforce dynamics and compensation structures.

Fink’s optimism about the transformative impact of AI investment on employee wages highlights BlackRock’s commitment to embracing technological innovation as a catalyst for sustainable business growth and employee prosperity.

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