Softbank’s Strategic AI Investment: Symbotic’s Warehouse Revolution Targets $500 Billion Market
October 9, 2023
CNBC
Softbank, known for its big AI investments, has quietly made substantial gains with its partnership in Symbotic, a company providing AI-powered “warehouse as a service” to major retailers like Walmart and Target. Through their joint venture called GreenBox Systems, Softbank and Symbotic aim to tap into a potential $500 billion market, offering AI-driven logistics and warehousing to smaller companies and democratizing access to advanced warehouse management systems. Symbotic’s impressive stock growth, innovative technology, and strategic collaborations, particularly with Walmart, have positioned it as a pivotal player in the automation and AI-driven warehousing sector.
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