The Economic Singularity: Artificial Intelligence and the Death of Capitalism by Calum Chace

Author:Calum Chace [Chace, Calum]
Language: eng
Format: epub, pdf
Tags: Business, Science, Economics, Technology, Computers, Artificial Intelligence, Non-Fiction
ISBN: 9780993211645
Google: W1H2vQAACAAJ
Amazon: 099321164X
Goodreads: 31248483
Publisher: Three Cs
Published: 2016-07-17T23:00:00+00:00

Operations

You might think that the hands-on physical and frankly messy business of surgical operation will be undertaken by humans rather than machines for the foreseeable future. Probably not. One of the most highly skilled professionals in the emergency suite is the anaesthetist, and Johnson & Johnson has an automated version called Sedasys which, despite fierce opposition from the profession, has FDA approval to provide the anaesthesia in less challenging procedures like colonoscopies. It has carried out thousands of operations in Canada and the USA.[ccxlviii] In March 2016, Johnson & Johnson announced that it was exiting the Sedasys business due to sluggish sales, despite the machine costing $150 per operation whereas a human anaesthetist costs $2,000.[ccxlix] This will certainly not be the last setback in the progress of the machines, but in the long run the economic facts will prevail - although perhaps more slowly in industries where the normal rules of the market do not always apply.

In May 2016 an academic paper announced that a robotic surgeon had out-performed human peers. The Smart Tissue Autonomous Robot (STAR) operated on pig tissue and did the job better, although four times more slowly, than humans operating alone - and also better than humans aided by the semi-robotic Da Vinci system.[ccl]

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