A new report from PwC finds that drones could replace $127 billion worth of human labor and services across several industries.
Infrastructure and agriculture make up the largest chunks of the potential value -- some $77.6 billion between them -- including services like completing the last mile of delivery routes and spraying crops with laser-like precision.
Economists seem to agree that robot automation poses real threats to human labour within the next few decades.
Drones are a cheap, versatile first step toward that future.
According to the new PwC report, they're also a solid cost-cutting measure.
Along with infrastructure and agriculture, drones will help tech giants like Amazon deliver packages, allow security companies to better monitor their sites, help producers and advertisers to film projects, allow telecommunication firms to easily check on their towers, and give mining companies a new way to plan their digs.
Skynet begins!
In response to the rising minimum wage, the fast-food chain Wendy's plans to start automating all of its restaurants.
The company said it will have self-service ordering kiosks available to its 6,000-plus restaurants in the second half of the year. Wendy's President Todd Penegor said it will be up to franchisees to decide whether or not to adopt the kiosks in their stores, noting that many franchise locations have had to raise prices to offset wage increases.
California's decision to gradually raise the minimum wage to $15 by 2022 will impact Wendy's 258 restaurants, all of which are franchise-operated.
About 75% of 200-plus Wendy's restaurants are run by franchisees in New York, a state that is also on its way to $15. Penegor said, wage pressures have been manageable both because of falling commodity prices and better operating leverage due to an increase in customer counts.
The company is still "working so hard to find efficiencies" so it can deliver "a new QSR experience but at traditional QSR prices."
The CEO of Carl's Jr., Andy Puzder, is also looking into replacing many of its workers with machines to save money.
South Korean automaker Hyundai has unveiled what is apparently a new robotic exoskeleton.
In a blog post the company compares its "wearable robot" prototype to an Iron Man suit, saying it gives the wearer extra strength, allowing them to lift objects "hundreds of kilograms" in weight.
The company says that in the future the exoskeleton could be used in factories, by the military, or to help with physical rehabilitation.
The suit appears to be a development of Hyundai's H-LEX platform.
Hyundai isn't the only one working on robotic exoskeletons.
The FDA recently approved a powered lower-limb exoskeleton for clinical and personal use, which allows people paralyzed below the waist to stand up and walk.
Panasonic on the other hand is developing exoskeletons for factory workers.
Google says its Tensor Processing Unit (TPU) advances machine learning capability by a factor of three generations. "TPUs deliver an order of magnitude higher performance per watt than all commercially available GPUs and FPGA," said Google CEO Sundar Pichai during the company's I/O developer conference on Wednesday.
The chips powered the AlphaGo computer that beat Lee Sedol, world champion of the game called Go. "We've been running TPUs inside our data centers for more than a year, and have found them to deliver an order of magnitude better-optimized performance per watt for machine learning.
This is roughly equivalent to fast-forwarding technology about seven years into the future (three generations of Moore's Law)," said Google's blog post.
"TPU is tailored to machine learning applications, allowing the chip to be more tolerant of reduced computational precision, which means it requires fewer transistors per operation.
Because of this, we can squeeze more operations per second into the silicon, use more sophisticated and powerful machine learning models, and apply these models more quickly, so users get more intelligent results more rapidly."
The chip is called the Tensor Processing Unit because it underpins TensorFlow, the software engine that powers its deep learning services under an open-source license.
While machines from the likes of RoboCop and Chappie might just be the reserve of films for now, this new type of robot is already fighting crime.
This particular example can be found guarding a shopping center in California but there are other machines in operation all over the state.
Equipped with self-navigation, infra-red cameras and microphones that can detect breaking glass, the robots, designed by Knightscope, are intended to support security services.
Stacy Dean Stephens, who came up with the idea, told The Guardian the problem that needed solving was one of intelligence.
"And the only way to gain accurate intelligence is through eyes and ears," he said. "So, we started looking at different ways to deploy eyes and ears into situations like that."
The robot costs about $7 an hour to rent and was inspired by the Sandy Hook school shooting after which it was claimed 12 lives could have been saved if officers arrived a minute earlier.
Yuval Noah Harari, author of the international bestseller "Sapiens: A Brief History of Humankind," doesn't have a very optimistic view of the future when it comes to artificial intelligence.
He writes about how humans "might end up jobless and aimless, whiling away our days off our nuts and drugs, with VR headsets strapped to our faces," writes The Guardian. "Harari calls it 'the rise of the useless class' and ranks it as one of the most dire threats of the 21st century.
As artificial intelligence gets smarter, more humans are pushed out of the job market.
No one knows what to study at college, because no one knows what skills learned at 20 will be relevant at 40. Before you know it, billions of people are useless, not through chance but by definition."
He likens his predictions, which have been been forecasted by others for at least 200 years, to the boy who cried wolf, saying, "But in the original story of the boy who cried wolf, in the end, the wolf actually comes, and I think that is true this time."
Harari says there are two kinds of ability that make humans useful: physical ones and cognitive ones.
He says humans have been largely safe in their work when it comes to cognitive powers.
But with AI's now beginning to outperform humans in this field, Harari says, that even though new types of jobs will emerge, we cannot be sure that humans will do them better than AIs, computers and robots.
As fast-food workers across the country vie for $15 per hour wages, many business owners have already begun to take humans out of the picture.
"I was at the National Restaurant Show yesterday and if you look at the robotic devices that are coming into the restaurant industry -- it's cheaper to buy a $35,000 robotic arm than it is to hire an employee who's inefficient making $15 an hour (warning: autoplaying video) bagging French fries -- it's nonsense and it's very destructive and it's inflationary and it's going to cause a job loss across this country like you're not going to believe," said former McDonald's USA CEO Ed Rensi during an interview on the FOX Business Network's Mornings with Maria.
According to the Bureau of Labor Statistics, 1.3 million people earned the current minimum wage of $7.25 per hour with about 1.7 million having wages below the federal minimum in 2014.
These three million workers combined made up 3.9 percent of all hourly paid workers.
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