The growth of automation in the workplace will accelerate this decade, with robot workers possibly surpassing human employees at one of the world’s biggest companies, according to Ark Invest’s Cathie Wood.
Amazon’s use of automated robots will dramatically change the company’s workforce in the coming years, the portfolio manager said Wednesday.
“Amazon is adding about a thousand robots a day. … If you compare the number of robots Amazon has to the number of employees, it’s about a third. And we believe that by the year 2030 Amazon can have more robots than employees,” Wood said on CNBC’s “Squawk Box.”
Recent Comments