To adapt a 30-year-old quip from the great economist Robert Solow: you can see the robots everywhere except in the productivity statistics. This fact has been puzzling me for a few years now. Productivity growth is disappointing — especially but not only in the UK — and it has been for years. Unemployment is near record lows, and employment is high. All this is the opposite of what one would expect if the robot job apocalypse was upon us.
Yet there is no denying the remarkable advances in various branches of artificial intelligence. The most talked-about example is the self-driving car. This technology has come a long way in a short time, which is more than one can say for the original participants in the 2004 Darpa Grand Challenge, a race sponsored by the US military. Despite large cash prizes, the best effort foundered after just seven miles.
Read more: Financial Times