Posted 2/28/2024, 2:48:17 PM
Amazon Launches $1 Billion Fund to Invest in AI and Robotics Startups Focused on Automation and Efficiency
- Amazon launching $1 billion fund to invest in startups combining AI and robotics to increase efficiency and automation
- Fund focusing this year on generative AI and robotics for warehouses and logistics
- Amazon has already invested heavily in robotics, with 750,000 robots across operations
- Fund also looking at last mile delivery and geographic expansion of investments
- Automation aimed at making warehouses safer and deliveries faster, not replacing all human workers