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The big AI and robotics concept that has attracted both Walmart and Softbank - TL;DR CNBC

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

Tickers: WMTTGTACISYM

Keywords: grocery store operatorsbreaking news: businessarm holdings plcartificial intelligencereal estateretail industrytechnologyalbertsons companies incwalmart inctarget corpbusiness news

Source: https://www.cnbc.com/2023/10/07/a-big-ai-and-robotics-idea-that-has-attracted-walmart-and-softbank.html


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