KFC opened their first ever fast food restaurant staffed entirely by an army of robots in Shanghai on April 25th.  The restaurant, called Original +, features its own robot manager named “Du Mi” who greets guests at the front counter. “‘Du Mi’ marks the first commercial use of artificial intelligence in the fast food industry. The artificial intelligence robot was launched by China’s leading Web services company Baidu during its World Conference in 2015,” reports Sohu.

China's leadership is trying to manage a tenuous balancing act between letting the private sector grow the economy, and making sure that its focus remains true to the party message.

Authored by Mark St.Cyr,

Over the course of the last week it seemed no matter where I turned in the business media one meme was being pushed above all others: It’s still a great time to be a private tech unicorn. Implying, that funding rounds were still “robust.”

The situation in hyperinflating socialist paradise Venezuela just moved one step closer to chaotic totalitarianism.

By EconMatters