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Citi is deploying robots to help the world’s biggest companies collect cash from customers — boosting a key $8.5 billion business for the bank

“There’s the potential for 60, 70, 80% of their cash application costs going away thanks to automation,” Kohli said” writes Alex Morrell for businessinsider.com. “The problem of cash application is not a new problem — it’s been a problem for quite some time.”. So cash application is often done manually by specialists within accounts receivable teams to ensure accuracy.Last year, the company put out a call to the fintech community to come up with solutions for the clunkiness of cash application. Source: businessinsider.com Share This:

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Sex robot addiction: Clinics braced for humans hooked on cyborgs…

“The creation of artificially intelligent sex robots that resemble humans has provoked a heated debate about the social and health consequences” writes Joshua Nevett for dailystar.co.uk. Joel Snell, a robotics expert from Kirkwood College in Iowa, has previously told Daily Star Online that sex robots “may become addictive”. No evidence was found that sex robots could have any health benefits whatsoever.Replacing the prostitution industry with sex robots has also been cited as an ambition by McMullen, one of the world’s preeminent producers of erotic cyborgs.A groundbreaking paper studying the supposed…

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Sex robot brothel to open THIRD venue as firm says cyborgs will ‘be the norm’…

“Lumidolls was founded in 2017 by a group by Spanish entrepreneurs from Barcelona seeking to capitalise on the expanding market for sex dolls and robots” writes Joshua Nevett for dailystar.co.uk. Given the growing popularity of sex dolls and robots, he said the market looks set to be extremely lucrative if Lumdolls can become the most well-known brand.Referencing the book, Sergi said: “There are claims that say in 2050, people will have more sex with robots than humans. Source: dailystar.co.uk Share This:

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Meet the MIT robot that can mimic your movements after watching a single video

“An algorithm taught the robot to watch a single video of a human picking up a new object and then mimic the action, even if it had never seen the object before” reports fastcompany.com. The results reveal that their robot can learn to manipulate a brand-new object simply by watching a single video, which makes you wonder what would happen if it watched a few episodes of RuPaul’s Drag Race. One-shot learning could make it so humans would simply have to show robots what they want them to do and then…

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Disney has made flying stunt robots that can pose like superheroes in midair

“Disney is making humanoid robots that can perform mind-boggling stunts in midair, according to TechCrunch” writes Isobel Asher Hamilton for businessinsider.com. Disneyland parks have incorporated animatronics into their displays for decades, but with its new project, “Stuntronics,” Disney hopes to take performing robotics to the next level.With Stuntronics the aim was to create a humanoid robot which could act as a stunt double for other “hero” animatronic figures in the park.The robot can be flung through the air, controlling its pose, rotation, and center of mass.Stickman was a robot who…

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Delivery robot company Savioke raises $13.4 million to expand into hospitals

“Savioke, maker of delivery robot Relay, today announced the closure of a $13.4 million funding round” writes Khari Johnson for venturebeat.com. In the hospital environment, Savioke competes with companies like Diligent Robotics that also intend to bring specialized service robots into hospitals and laboratories.Startups Marble and Starship Technologies, which both recently closed funding rounds, make delivery robots that travel on sidewalks.Relay is one of a series of robots or AI-powered services being made to autonomously carry items from place to place to complete customer orders.Investors in the round include Swisslog Healthcare,…

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Farmers Insurance Tests AI, Automation’s Potential For Speeding Up Claims Process

“Earlier this year, Farmers rolled out a pilot program using RPA to automate a complex and routine process for claims adjusters, Mr” writes Sara Castellanos for wsj.com. For example, this year, the company began testing how video-chat could help customers resolve claims quicker.AI-powered image recognition couldhelp speed up the claims process for damages related to, for example, windshields.In this case, robotic process automation could help claims adjusters deliver faster and more efficient claims responses and disbursements within days or hours instead of weeks, Mr.Ashroff. “Automation is key for many industries…

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BlackRock, the $6 trillion asset management firm automating its investment decisions, had a crime fighting robot patrolling its New York headquarters

“The robot bot, dubbed BLK Bot, doesn’t appear to be much interested in finance” writes Frank Chaparro for businessinsider.com. BlackRock also announced in 2017 a set of exchange-traded funds that would let a computer program choose and classify stocks.While this is the first physical robot to appear at BlackRock, the firm has started to rely on more automation broadly to improve its actively managed stock picking unit. Source: businessinsider.com Share This:

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