The big AI and robotics concept that has attracted both Walmart and Softbank
Publishing timestamp: 2023-10-07 08:30:01
Summary
The article discusses Softbank's investment in Symbotic, a company that offers AI-powered warehouse management systems to major retailers. Symbotic's stock is up 190% this year, and Walmart owns 11% of its shares. Softbank and Symbotic have formed a joint venture called GreenBox Systems, which aims to deliver AI-powered logistics and warehousing to smaller companies. The article highlights the potential of AI in transforming the economy and the efficiency of warehouse operations.
Sentiment: POSITIVE
Keywords: grocery store operators, breaking news: business, arm holdings plc, artificial intelligence, real estate, retail industry, technology, albertsons companies inc, walmart inc, target corp, business news,