| How effective is automated trading? | | | | carried out by robots. |
| Do you remember the TV series Lost in Space and in | | | | In November, 1971, a company called Intel publicly |
| particular do you remember the name of the robot? If | | | | introduced the world's first single chip microprocessor, |
| you answered "Robby" you are totally incorrect. I will | | | | the Intel 4004 (U.S. Patent #3,821,715), invented by Intel |
| tell you why a little later. | | | | engineers Federico Faggin, Ted Hoff, and Stan Mazor. |
| During the 1950s many scientists and engineers were | | | | This invention would be crucial to the development of |
| working on the development of robotics and there | | | | robotics, and indeed today there are "robot controls" in |
| were a good many science programs and | | | | more areas of our life than we may imagine. A good |
| documentaries that lead us to believe that we would | | | | deal of our menial factory work is indeed carried out |
| by the 21st Century have most of our menial work | | | | by robots ' and they do an exceedingly good job. |