You'll learn about robotics industrial robots military BOTS
bottle cap even personal robots will look at drones self-driving and sell
flying cars and you'll see why robotics is the fastest growing industry in the
world so let's get started let's talk about robotics robots are nothing new
they've been the stuff of science fiction for a well as long as you can
remember right how about pepie row this can read to your child and lets you
speak to your children either directly or through text messages this is the PR2
robot it can open doors it can fold laundry it fetches beer it can play pool
clean houses and then there's bear it can lift and carry an injured soldier off
the battlefield here's a robot that can kill ultraviolet rays hospitals use
this to make sanitary environments in surgical operating rooms it's 25,000
times brighter than a fluorescent light cuts Hospital infection rates 60% takes
only five minutes to make a room clean here's big dog carries 400 pounds of
gears and weapons over a rugged terrain cheetah can run 30 miles an hour the sand flea it weighs 11 pounds but do you see it jump
30 feet high made by Boston diet dynamics Rhys can climb walls arrow D'Arcy can
find disaster victims this is a photo by the way from a 2-day disaster respose
Competition in California it was hosted by DARPA that's the Defense
Department's research program among other things in robotics and then there are
telepresence robots these robots let doctors appear at patients bedsides and
lets them diagnose patients without them having to be in the room in fact they
didn't have to be on the same continent we know we have a really big problem
with not enough doctors on a global basis well if we can't train enough doctors
then why don't we just transport them why don't we just take the telepresence
robot put it into Africa South America the Far East we're in rural areas and
even the United States were there not enough doctors for the population and now
doctors in Boston Chicago LA New York they can serve patients from thousands of
miles away Tugg works in 150 hospitals delivers medicine meals and laundry
Intuitive Surgical they've got the da Vinci robot and this is a surgical robot
it uses robotic arms and has a success rate of faster recovery times and 80%
fewer complications half a million operations a year are being performed by
this robot the the surgeon is in another room guiding the robot of course some
robots are just for fun just designed to demonstrate what the bot can do take a
look at this one you might want to think twice the next time somebody challenge
you challenges you to a pong contest you might want to stay at a hotel in Japan
called The Henna Hotel that's Japanese for strange hotel androids work as receptionists waiters cleaning staff and
cloakroom attendant the bot speaks Japanese Chinese French and English oh by
the way let me ask you this how much does it cost to stay in that hotel per
night $60 you were probably thinking hundreds even thousands of dollars a night
you know why it's so inexpensive to stay at the Hana hotel because the staff
are all robots they don't get paid salaries HR Payroll is the number-one cost
of just about every business you eliminate the payroll you eliminate the number
one expense driving down costs and increasing profitability all at the same
time fabulous news as a consumer a little bit scary if you're a hotel employee
then there's pepper pepper is a companion for the elderly it can serve as an
elementary school teacher a retail sales clerk or an office aide pepper is on
sale right now in Japan the price 1,600 bucks they're already 1.1 million
robots working in companies all around the world do you see the human in that
photograph there is why they put him in a red shirt I will never know then
there's the old joke there's a guy there and what you can't see is the dog
though the only two live things in that factory why is there a man and a dog
well the man is there to feed the dog and the dog is there to make sure the man
doesn't touch anything I know it's a bad joke eighty percent of all the work
involved in manufacturing a car is now done by a machine eighty percent of
automotive manufacturing is now automated
Amazon now has 10,000 robots it's not
manufacturing the robots it's using them as a consumer of robots those robots
go into the warehouses and they fetch the products that have to go into the
shipping because of what you've ordered a marketplace for industrial robots 37
billion dollars by 2018 robots don't get sick they don't make mistakes they
never show up drunk or in a bad mood they work 24/7 currently robots are best
used for jobs that are dull repetitive require unskilled labor or involve labor
that is dangerous thanks to robots no more digging ditches no more engaging in
dangerous scary work that can be prone to injury no more work that's dull and
boring here's what it comes down to eventually any physical thing that a human
wants done will be able to be done by a robot that means no more sweatshops it
also means no more skilled artisans take a look at Sam it's an automated Mason
you you you Sam can lay as many as 1,200 a day that's the productivity of four
stonemasons pretty fast productivity but you've got a lot of masons at risk of
losing their job the cost of an industrial robot dropping rapidly ten years ago
cost half a million dollars today it's under 25 grand ninety five percent
cheaper in five years by 2025 everyone will have a robot you'll call it a
companion and I'll let you decide what the number one use of that home-based
robot will be used for loneliness disappears take a look at Leonardo one of the
most fascinating
Robots under development today Leonardo is I would say the
most sophisticated social robot in the world today we call it the Stradivarius
of robots it is the most expressive robot in the world today hello Leo this
is Elmo can you find Elmo hey Leo look at Elmo Wow isn't he awesome yeah he was
never seen this before he doesn't know what it is no introduces another thing
it gets really excited about it look so there goes oh maybe I should get
excited he's picking up the emotional labeling so to speak what mady's doing
for these novel entities in the world and then they are starting to adopt that
no this is Cookie Monster yo Cookie Monster is very bad he's very bad Leo he's
a scary monster he wants to eat all your cookies so the Blue Monster mat isn't
so clean exactly it turns out that um for children when they're about a year
old a lot of what they learn is through this what's called social referencing
once to steal your cookies children learn things like ink the mother actually
like don't do that you know they might not exactly know what it is it should be
doing but they pick up on that effect and they start associating like that's a
negative thing I shouldn't do that or this is something that I you like it then
I should probably like it pepper can read your child's emotions and facial
expressions and respond appropriately what little girl doesn't grow up with
Barbie are you familiar though with Hello Barbie she uses artificial
intelligence talks in natural language to have conversations with your daughter
what happens when people begin to prefer robots over human interaction because
after all when a heat when a robot talks to you it's never cross it's never
mean it's never impatient it's always happy always friendly it's kind of like
your dog always glad to see you and be with you
What happens when people begin
to prefer robot interaction over human interaction and then there are drones
flying robots drone cost is dropping rapidly 10 years ago they cost $100,000
now you can get them for about 500 bucks the drone market by the mid-20s 89
billion dollars pretty amazing things are happening with drones already take a
look at the remote area medical volunteer corps this is an outfit that serves
3,000 patients but only one weekend a year they come in with a whole bunch of
doctors and nurses and medical tech and they come into a rural area where there
are normally no medical services the problem is when they show up for the
weekend they don't know what medicines there go we need so they bring in the
medicine by drone the first experiment was done in 2015 in Wise County Virginia
this is a rural area 90 minutes away from the nearest pharmacy so they got permission
from both NASA and the FAA to fly medicine to the clinic 20 mile trip carrying
five-and-a-half pounds worth of drugs in what researchers called the Kitty Hawk
moment for drone technology we can now bring medical supplies and urgent care
needs to people who have no otherwise access to get to medical help we're now
making drones of all shapes and sizes big ones little ones helicopter type
drones handheld drones even drones the size of insects here's something weird
an illustration of how technology races ahead of regulation you're not allowed
to walk on somebody else's lawn it's trespassing if you don't have permission
but you can fly a drone over it sounds a little weird doesn't it a drone can
hover outside your bedroom window your kids playing in the backyard it can
hover over them taking photographs it's legal at least
for the moment and of
course people are known to crash their drones and that's why you can now buy
drone insurance the military's into drones in a very big way here's the MQ-9
reaper it has the same air capabilities of the F-22 fighter jet but it costs
90% less the Global Hawk has a wingspan of a hundred and thirty feet it can
cruise at 60,000 feet for two days and it's camera can track everything going
on in the movements of a medium-sized city military drones are becoming
increasingly common back in 2003 the military had very few of them by 2011
there was one drone one robotic tool for every 50 troops in Afghanistan by 2023
it won't be one in 50 it'll be 10 to 110 robots for every soldier the PackBot
can detect and dispose of bombs Talon can be carried by soldiers it can be
armed with machine guns 50 caliber rifles grade lot grenade launchers anti-tank
rockets check out this Navy vessel notice there's nobody on board this can
autonomously swarm other ships or defend US ships the key to making these
robots work is sensor technology this is what matters more than anything else
because if you think about it a robot is a computer and your computer sits on
your desk it's not aware of its environment that's why you have a keyboard so
you can communicate with the robot the computer that's why it has a monitor so
we can visually communicate back with you if a robot is unaware of its
surroundings it's as dumb as a brick and that's why sensor technology is key
the sensor technology allows the robot to know its environment we have to
figure out how to let robots see here touch even smell its sensor technology
that allows the Google car to work it's that lidar system on top of the car's
roof that enables the car to know where it is what's around it what's ahead the
cost of that lidar system has been dropping dramatically back 10 years ago it
cost $20,000 per car today it's under a hundred bucks this is why self-driving
cars are going to come really really fast because it's so inexpensive we don't
have to get everybody in America to buy a brand new automobile all we've got to
do is retrofit all the existing cars with a very inexpensive add-on technology
250 time reduction in the last five years how about digital cameras 1970 6.01
megapixels now 10 plus megapixels they used to be 4 pounds and cost 10 grand
now their point oh three pounds and they cost $10 thousand times better
resolution weight and price
How about accelerometers 1960s they were 50 pounds
and cost millions of dollars today it's a tiny chip inside your phone it costs
less than a buck GPS technology in 1981 it cost a hundred and twenty thousand
dollars in the device weight fifty three pounds today it's under $2 fits on
your fingertip but perhaps the most impactful robot of all is the self-driving
vehicle and so it's so important it is so impactful to our lives that I want to
spend a little bit of time talking about it with you we have a pandemic
occurring across America right now every year in the United States there are
5.3 million auto crashes auto accidents account for 25 percent of traffic
congestion every year in the u.s. commuters like you and me are stuck in
traffic for a total of 52 hours each we incur two-and-a-half million visits to the
emergency room 200,000 overnight hospital stays 1 million days in the hospital
as a result of car accidents every year in the United States we kill 32,000
people that's more people than who die from leukemia Parkinson's hypertension
or liver disease auto accidents are the number one killer of adults 15 to 35
years of age the number two killer of children ages 5 to 14 in fatal crashes 84
percent of drivers never break they're distracted or drunk or increasingly on
opiates 39 percent of drivers in fatal crashes have alcohol use and then
there's property damage lost wages lost household production medical costs
vocational rehab costs workplace costs legal costs every year in the United
States automobile crashes cost our economy 231 billion dollars that's 2.2
percent of our GDP we pay a hundred and fifty seven billion dollars a year for
auto insurance that's another one and a half percent of GDP the total economic
cost of automobile crashes in the United States is a whopping 3.7 percent of
our nation's productivity that's equal to 65 percent of the entire US defense
budget yeah there's a pandemic raging across
America fortunately there's a cure
and they are self-driving vehicles just imagine the people who are not able to
drive children can't drive people with disabilities observant Jews the agent
drunks none of these people are able or allowed to get behind the wheel of a
car and that restricts their mobility it restricts their ability to interact
with others it restricts their income opportunities so just imagine if we were
to eliminate 90% of all the car accidents that's the promise of self-driving
vehicles if we were to avoid a hundred ninety billion dollars of losses
annually imagine gaining up to 15 minutes a day by not having to be in a car or
being able to be productive while you're in the car imagine cutting greenhouse
gases by 16% imagine that fuel economy goes up all at the same time emissions
goes down infrastructure costs fall we don't need to build any more roads
because we're not going to be on the roads as often as we were imagine the end
of DMV that alone is the best reason to do self-driving cars in fact
self-driving vehicles are already here on the market self-parking lane-keeping
auto cruise control pedestrian collision warning slow autopilot temporary
autopilot you already see autonomous driving in mining and far that vehicle
which is mining doesn't have a driver neither does that on a farm no operator
required labor cost savings up to 90 percent CO2 emissions down sixty percent
The Google car has driven over three million miles so far and we're seeing it
being translated from experimental to actual usage here's the Tesla already has
substantial amount of self-driving capabilities in cities and on highways
here's the Audi RS 7 2015 this car with no driver in it posted the fastest lap
time on this racetrack set a record makes you have to ask yourself the question
if an automated car can drive faster than the world's fastest car driver are we
about to see a massive change in the nature of auto racing as a sport General
Motors says that in 2017 they're introducing models with ability to control
steering acceleration and braking at highway speeds either at 70 miles an hour
or in stop-and-go traffic Renault is putting self-driving vehicles in showrooms
in 2017 so is Volvo take a look at the R&D budgets research and development
this is back in 2014 the numbers are even bigger now Volkswagens spending 13
billion dollars on self-driving technology Honda six billion Mercedes five
billion BMW 6 billion Toyota nine billion apple six billion Google eight
billion did you catch that Apple Google they're not car companies the last time
I looked but it looks like they're going to become car companies but you know
the biggest thing about self-driving vehicles has nothing to do with driving
the big benefit isn't about driving it's about parking this is the key there
are 253 million cars in the United States the typical car is parked 95% of the
time 31 percent of City space is devoted to Park 30% of city traffic are just
people looking for parking right you can relate to this the number of vehicles
on the road are gonna drop dramatically take a look at all of the cars parked
along curbs in residential communities and even more problematic and city
streets if you can eliminate the need to park a car because think about it a
self-driving car it doesn't have to park it drops you off goes away comes back
when you're ready for it so it doesn't need to park outside your house or your
office now we can free up two more lanes on every street easing traffic flow
eliminating the need for more roads as a result of this the number of vehicles
on the road will drop 99 percent from two hundred and forty five million
vehicles two two and a half million vehicles this is going to create a new era
of immense job creation generating a trillion dollars in new income as we shift
from owning cars that are parked most of the time to sharing cars using
on-demand services car sharing services leasing and rental services it means
we're going to recycle a lot of vehicles it means that we're going to take 240
million vehicles and recycle them creating massive number of new jobs and
decreasing the need for further environmental mining but if we eliminate all
these cars it means we're eliminating all these parking lots means we're
eliminating all these parking garages it also means that we're going to
eliminate a lot of car dealerships we're going to eliminate bus stations all of
that is going to become obsolete we're also going to see new technology in-car
media communication technology it's all going to get developed because you're
gonna be in the car but you're not gonna be driving you're going to be able to
watch movies surf the internet you're gonna be able to work you're going to be
able to sleep you're going to be able to communicate with others so we're gonna
develop new technology for all of that oh and and as big a deal as self-driving
cars are if you know what's coming next self flying cars a lot of them are
underway here's car plane a German manufacturer here's the lilium aviation it's
working on the first all-electric plane funded by the European Union the launch
date is 2018 Terrafugia headquartered in Massachusetts comes equipped with a
parachute you know just in case it plans to start selling its flying cars in
2026 it's a four-seater retails for $120,000 that's cheaper by the way than
this one this is the Villa copter $280,000 looks like a helicopter but it has
18 propellers and therefore a lot quieter here's Joby Aviation there they've already
started flying prototypes pal v1 from a company in the Netherlands they first
flew their prototype in 2012 and it's not just machines that I'm talking about
that are making these massive developments of innovation and improvement it's
humans too it's the merging of machines with humans where we can improve and augment your vision imagine if you
didn't have 20/20 vision but you had 1:1 vision if you could look
telescopically by virtue of a contact lens you're wearing if you had the
ability to observe microscopically because of that contact lens what if you had
a robotic arm because yours was disabled or amputated due to illness or injury
would that arm have to be limited to the capacities of your human arm or would
it be able to provide you superhuman strength as well robotics is the fastest
growing industry in the world and it's going to become the world's largest
industry in the 2020s so what are the personal finance implications for you and
me well let's take a look at the first millions of jobs are going to be lost to
robotics and artificial intelligence over the next two decades you have to
decide if your job is among them in my book The Truth About Your Future I list
the 171 occupations that are going to disappear over the next decade because of
technology I also list the 175 occupations that are going to survive and thrive
in a world of technological innovation you need to decide now if your job is
likely to be lost automation the more your job is engaged in repetition the
more likely your job will be automated and I'm not just talking about ditch
diggers I'm talking about people in the financial services industry people who
push paper for a living computers can push that paper better than you they can
fill out those forms faster more accurately and at lower cost as well you need
to think if your job is one of those likely to be lost to automation anticipate
it now so that we can figure out how to get you into a new occupation that will
survive and thrive...
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