Oliver Mitchell of Autonomy Ventures, who also blogs at The Robot Rabbi, spoke at our January 26 Investor Breakfast, and the conversation was column-worthy. After all, the robots are coming and that’s very much Oliver’s domain, and their growing presence on the global landscape, along with other technologies, is being referred to as the Fourth Industrial Revolution, as Oliver pointed out. In fact, the day before the breakfast, The New York Times ran on piece on How to Make America’s Robots Great Again, pointing out how China is investing heavily in the manufacturing of robots, and the US needs to do so as well.
The big fear is that robots will be – and currently are – taking jobs formerly held by lower skilled labor, and the fear is not unfounded. As Oliver noted, they’re also taking jobs in higher skilled areas, even replacing financial analysts and advisors. So are we looking at some relatively far off dystopian future?
“When I was growing up, computers were only used by large corps or government, and with a few highly skilled operators operating them,” said Oliver. “Not until Windows 95 (was introduced) that computers and personal computers became ubiquitous, and really fulfilled the dreams of Bill Gates and Steve Jobs. If I told you a decade ago, or a decade and a half ago, about robots, you’d have thought Robbie the Robot and big industrial robots…Compared to personal computing, we’re standing in 1990 – 5 years before robots become ubiquitous.”