NewsCNBC: The big AI and robotics concept that has attracted both Walmart and Softbank

October 8, 2023by 0

CNBC reports:
Venture-capital giant Softbank notched a $15 billion-plus gain on its 2016 deal to buy Arm Holdings when the artificial intelligence-enabling semiconductor firm went public last month. But not as many investors know about Softbank’s “other” big AI investment, Wilmington, Mass.-based software and robotics maker Symbotic, which Walmart has taken a big stake in itself.
That may soon change.
Symbotic, a company that has already generated market heat selling AI-powered robotic warehouse management systems to …

The post CNBC: The big AI and robotics concept that has attracted both Walmart and Softbank appeared first on The Loadstar.

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