Artificial intelligence robots

Disney seeks patent for a 'humanoid robot' that can play a character

A new patent application from Disney (DIS) suggests it's something the company has considered.

Japanese insurance firm replaces 34 staff with AI

For 34 staff at a Japanese insurance firm, that vision just became a reality.

Fukoku Mutual Life Insurance is laying off the employees and replacing them with an artificial intelligence (AI) system that can calculate insurance payouts.

The firm believes it will increase productivity by 30%.

It expects to save around 140m yen (£979,500 / $1.2m) a year in salaries after the 200m yen AI system is installed later this month.

Maintenance of the set-up is expected to cost about 15m yen annually.