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Amazon eyes AI, autonomous vehicles and Asia as $1B industrial innovation fund evolves
Franziska Bossart, the new head of Amazon's $1 billion industrial innovation fund spoke with TechCrunch about future investments in startups.
Amazon has spent nearly two years putting an undisclosed portion of its $1 billion industrial innovation fund to work with investments in nearly a dozen U.S. and Israeli startups focused on logistics, the supply chain and customer fulfillment. Now, Amazon is flexing a bit — with an aim to expand geographically and to push into areas like generative AI that support the broader mission, the fund’s new head Franziska Bossart told TechCrunch in an exclusive interview. The Amazon Industrial Innovation Fund, which launched in April 2022, is still intent on finding and investing in startups that can help the e-commerce giant deliver goods faster, while improving the experience of customers as well as the employees who work in its warehouses and logistics departments.
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