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October 9, 2023 : Walmart and SoftBank have invested in a joint venture called GreenBox Systems, developing an AI-powered robotics system to automate warehouses. The system uses a combination of robots, cameras, and sensors to pick and pack items and then load them onto trucks for delivery.
GreenBox Systems targets small and medium-sized businesses (SMBs), often needing more resources to invest in their warehouse automation systems. GreenBox’s system is designed to be affordable and easy to use, and it can be scaled up or down to meet the needs of different businesses.
The system is also designed to be flexible and adaptable. It can handle various products, including grocery items, clothing, and electronics. The system can also be integrated with existing warehouse management systems.
GreenBox Systems is currently in the pilot phase and is expected to launch commercially in 2024. The company has raised $100 million in funding from Walmart and SoftBank and is planning to raise more funding in the future.
The investment in GreenBox Systems is a sign that Walmart and SoftBank believe that AI and robotics have the potential to revolutionize the warehousing industry. Warehouse automation can help businesses to reduce costs, improve efficiency, and increase accuracy. It can also help businesses to meet the growing demand for e-commerce and same-day delivery.
Walmart and SoftBank have invested in a company developing a robot system to automate warehouses. This system will use AI to pick and pack items and then load them onto trucks for delivery. The system is designed to be affordable and easy to use, and it can be scaled up or down to meet the needs of different businesses.
The investment in this company is a sign that Walmart and SoftBank believe that AI and robots can change how warehouses work. Warehouse automation can help businesses save money and be more efficient and accurate. It can also help businesses to meet the growing demand for online shopping and same-day delivery.
