Amazon to invest in start-ups that combine AI with robotics

© The Financial Times Limited 2024. All Rights Reserved. Not to be redistributed, copied or modified in any way. Amazon’s $1bn industrial innovation fund is to step up investments in companies that combine artificial intelligence and robotics, as the ecommerce giant seeks to drive efficiencies across its logistics network. Franziska Bossart, head of the corporate […]

Tomas Kauer - News Moderator Tomas Kauer - News Moderator
Mar 4, 2024 - 05:56
Amazon to invest in start-ups that combine AI with robotics

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The Financial Times

© The Financial Times Limited 2024. All Rights Reserved.

Not to be redistributed, copied or modified in any way.

Amazon’s $1bn industrial innovation fund is to step up investments in companies that combine artificial intelligence and robotics, as the ecommerce giant seeks to drive efficiencies across its logistics network.

Franziska Bossart, head of the corporate venture capital arm that was set up in 2022, told the Financial Times that “generative AI holds a lot of promise for robotics and automation” and is an area “we are going to focus on this year”.

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