AI is shaking up the role of chief executive officer — with boards and employees putting CEOs on notice that they expect clear leadership around AI efforts and a cottage industry forming to support CEOs struggling with these new demands.
Why it matters: CEOs are in the hot seat because fast-developing generative AI has put tech back at the top of business agendas.AI cuts across business functions and industries and hands CEOs a change management challenge that some worry could cost them their jobs.
The intrigue: Globalization upended blue collar work, and AI is widely predicted to disrupt many white collar tasks — but until now few have argued that CEOs themselves are in AI's crosshairs. READ MORE...
Human-shaped robots with dexterous hands will be staffing warehouses and retail stores, tending to the elderly and performing household chores within a decade or so, according to a Silicon Valley startup working toward that vision.
Why it matters: Demographic trends — such as a persistent labor shortage and the growing elder care crisis — make fully-functioning, AI-driven humanoid robots look tantalizingly appealing.- Companies such as Amazon are reportedly worried about running out of warehouse workers, whose jobs are physically and mentally demanding with high attrition.
Driving the news: A heavy-hitting startup called Figure, which just emerged from stealth mode, is building a prototype of a humanoid robot that the company says will eventually be able to walk, climb stairs, open doors, use tools and lift boxes — perhaps even make dinner.- The company is the brainchild of Brett Adcock, a tech entrepreneur who previously founded Archer Aviation (a "flying taxi" maker that went public) and Vettery (an online hiring marketplace that he and a partner sold for $100 million).
- He's assembled an all-star team of 40, including leading roboticists from Boston Dynamics and Tesla.
- They've moved into a 30,000-square-foot facility in Sunnyvale, California, where they plan to set up a mock warehouse to test their prototype.
- "We just got done in December with our full-scale humanoid," Adcock tells Axios. "We'll be walking that in the next 30 days."
Where it stands: The prototype — called Figure 01 — stands about 5'6" and weighs 130 pounds.- It'll be fully electric, run for five hours on a charge and is intended for warehouse use.
- "We think we can get into commercial operation within a few years," Adcock tells Axios. "We should be able to do most jobs — physical labor jobs that humans don't want to do."
Yes, but: Humanoid robots are staggeringly difficult to build and engineer to perform reliably.- There are a host of design challenges, from simple balance to replicating human movements.
- "We need to be able to push it and have it not fall down," says Adcock about the Figure 01. (Boston Dynamics has plenty of robot blooper videos on YouTube.)
- From there, programming a robot to move boxes in a warehouse is a lot easier than, say, engineering it to cook a meal.
What they're saying: "We face high risk and extremely low chances of success," Adcock wrote in a mission statement.- But he exuded optimism in an interview: "This stuff just wasn't possible 10 years ago — I think it's possible now."
- A decade ago, "you just didn’t have the energy or the power density to make this work."
Reality check: Engineering robots is expensive. Adcock says he is self-financing Figure: "I put in $10 million last year." READ MORE...
