Aug 7, 2023
Adopting robots will cause a business’s profits to decline at first
Posted by Gemechu Taye in categories: business, robotics/AI
It turns out robots have a ‘U-shaped’ effect on profits.
Researchers from the University of Cambridge have found that investment in robots can cause a firm’s profits to first decline before rising again, resulting in a so-called ‘U-shaped’ effect on profits.
This is according to a report by TechXplore published on Thursday.
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