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Amazon to spend $1 billion on startups that combine AI with robots

“We’re also a long way off from replacing all humans.”

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.” While Amazon’s push to use AI to increase automation may raise concerns among the company’s thousands of delivery and warehouse workers worldwide, the declaration that its investment arm will deploy more capital this year may cheer tech start-ups. Amazon’s desire for greater automation and efficiency across its warehouses and supply chain is also part of a broader strategy to boost margins following a period of heavy investment in the logistics network during the pandemic.

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