Weekly Tech Recap: Robotics and AI are changing the way we live. From delivery services to prosthetics – In this week’s weekly tech recap, we give the spotlight to robotics and machine learning in 2021!

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Image Credits: Alt-Bionics

Robotics have been transforming societies by the resulting improvements in efficiency and production rates in workspaces. The lifestyle you lead now has been shaped by robotics, from the food you buy in supermarkets to the car you drive and even the books you read. For this week’s recap, we aim to highlight the impact of robotics thus far and all you need to know today about the machine learning job market and more.

Robotics and Humanity: The road to a cheaper prosthetic hand

If you could take a guess, how expensive do you think prosthetics are? The answer is it depends on the manufacturer. The manufacturer develops and creates these bionic devices and then sells them to prosthetic and orthotic clinics (one of the few places you can be fitted for and purchase these devices).

The most affordable bionic prosthetic hand-sold to P&O clinics starts at about $10,000 and can go up to hundreds of thousands of dollars. However, this cost doesn’t always reflect the functionality or performance of the devices.

These manufacturers ultimately determine the prices of their devices. The larger among them cite overhead costs as the primary reason they cannot lower their price tags.

Is there a solution for cheaper alternatives? How has the reception been from the broader medical community?

New Delivery System That Could Have Your Block Crawling with Robots

It looks like Amazon is taking over the world. Or, at least, the US. Not surprisingly, the company is continuously exploring new ways to streamline its operations and cut costs. Last week a patent application that Amazon filed earlier this year became public. It’s for a delivery system that, if it comes to pass, would bring a new technology to neighborhoods where Amazon is popular (which, as implied above, is most of them).

How exactly will this work?

Find out more here: https://singularityhub.com/2021/07/15/amazon-just-patented-a-new-delivery-system-that-could-have-your-block-crawling-with-robots/

The Billionaire Race to Space

Jeff Bezos, Elon Musk, and Richard Branson have a combined net worth of $400 billion, roughly the size of the GDP of the entire nation of Ireland. And all three men have decided to put vast sums of their wealth into chasing their space travel dreams, creating a modern space race in which ultra-rich men — rather than countries — shoot for the stars.

The space companies founded by the three billionaires all have slightly different goals and varying visions of how to achieve them. But never has the Branson-Musk-Bezos dynamic appeared more competitive than when Branson announced earlier this month that he would fire himself into outer space on a suborbital joy ride just days before Bezos will clamber into his own rocket.

Read more here about this wealthy competition: https://edition.cnn.com/2021/07/14/tech/jeff-bezos-richard-branson-elon-musk-space-race-scn/index.html

Artificial Intelligence and Machine Learning Job Trends in 2021

There is no denying that the demand for AI and Machine Learning engineering has increased, and this means that there is a gap for experts in this field.

A quick look at the technology landscape shows the power of AI in everyday life. From voice assistants that power smart speakers to high-tech coffee pots, these technologies are quickly becoming the mainstay of life. This evolution has led to an increase in machine learning and AI jobs.

This is why a machine learning engineer career can be a smart move: https://www.simplilearn.com/rise-of-ai-and-machine-learning-job-trends-article