Skip to content
Subscriber Only

Don’t Rage Against the Machine, or Fanuc

Sometimes, the pace of change and rate of adoption will be slow.

relates to Don’t Rage Against the Machine, or Fanuc

Photographer: Jim West/Getty Images

Cracks are beginning to appear in the investment theses pinned to the future of robots and the rise of machines.

Over the past 30 years, the cost of robots, now a feature of almost any production line, has fallen by about 50 percent, according to McKinsey & Co. Demand from industries from automotive to food, where the marginal value of humans is diminishing, continues to rise. So it’s no surprise that confidence in companies that make robots has skyrocketed.