Amazon Bets Nearly $1 Billion on Supply Chain, Delivery Innovation with Expanded Investment Fund
• Amazon has invested nearly $1B into its industrial innovation fund to improve logistics, supply chain, and fulfillment • Fund is expanding geographically into Europe and Asia, and investing more into later stage startups • Key investment areas AI applied to robotics and automation, humanoid/bipedal robots, autonomous middle-mile/last-mile delivery • Fund allows startups access to Amazon's large datasets to train AI models • Investments not tied to commercialization with Amazon; fund takes an experimental approach