Amazon Invests $1 Billion in Warehouse Robotics
Amazon has formed the Amazon Industrial Innovation Fund (AIIF), a $1 billion venture capital fund that will be used to “spur supply chain, fulfilment, and logistics innovation,” with a particular focus on automation and workplace robotics. The initiative is in response to a changing market scenario in which people are increasingly shopping online and have high expectations for delivery times and online experiences. Amazon’s new fund seeks to create solutions that either improve these features or improve the experience of storage and logistics employees. “We see an opportunity to look…