Amazon's $1B industrial innovation fund invests in AI and robotics firms to improve logistics efficiency, safety, and speed.
Amazon's $1B industrial innovation fund is accelerating investments in AI and robotics firms to enhance logistics efficiency. With 12 investments made so far, the fund aims to support goals of increased efficiency, safety, and faster deliveries. Amazon invested €400M in 2022 for European warehouses' AI and robotics technology. The goal is not to replace humans, but to shift jobs towards robots handling repetitive or dangerous tasks, as part of a broader strategy to boost margins.
February 28, 2024
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