Robots on the rise.
by Maya Kosoff :vanityfair – excerpt
Late last year, Donald Trump met with Japanese billionaire and Softbank C.E.O. Masayoshi Son at Trump Tower to discuss what the president-elect misleadingly heralded as a new investment. “Masa (SoftBank) of Japan has agreed to invest $50 billion in the U.S. toward businesses and 50,000 new jobs,” he tweeted. “Masa said he would never do this had we (Trump) not won the election!”
Trump’s victory lap was problematic on several levels. For one, the $50 billion that Son had agreed to invest came from a previously announced $100 billion investment fund, with much of the money already destined for the U.S. Worse, anyone who read beyond the headlines would have found that Son is hardly the poster boy for job creation. In fact, just the opposite: Softbank’s Vision Fund has previously extolled the virtues of automation and improved artificial intelligence with the…
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