Reported 1 day ago
Walmart has announced the sale of its Advanced Systems and Robotics business to Symbotic for $200 million, with potential additional payments of up to $350 million. Since partnering in 2017, Symbotic will develop automation systems for Walmart's pickup and delivery centers, aiming to improve customer experience and efficiency. This move highlights the trend of major retailers utilizing AI and robotics to streamline operations, with expectations that the deal might significantly expand Symbotic's market reach.
Source: YAHOO