SoftBank JV bags $7.5b to offer AI tech for warehouse management

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In 50 Words: SoftBank JV bags $7.5b to offer AI tech for warehouse management

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In 50 Words: SoftBank JV bags $7.5b to offer AI tech for warehouse management

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GreenBox Systems, a joint venture between SoftBank Group and Symbotic, will offer AI-based automated warehouse services. GreenBox will use Symbotic’s AI-powered automation tech to manage warehouse services and is set to receive an exclusive US$7.5 billion contract from Symbotic.

The new venture seeks to tap into the US$500 billion warehouse-as-a-service market opportunity.

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