PYMNTS.com February 26, 2025
Amazon is aiming to derive savings from its robotics investment as it ups AI spending.
As the Financial Times (FT) reported Wednesday (Feb. 26), the tech giant is expected to spend $35 billion on its retail network — which includes robotics-powered warehouses — to drive efficiencies and improve delivery speeds amid rising competition from the likes of Temu.
Although most of the $100 billion the company will spend this year will go to artificial intelligence (AI) initiatives, roughly a quarter will be earmarked for automation in Amazon’s eCommerce business, the report added, citing analyst estimates.
“We’re seeing today how fruitful this technology is in transforming our everyday,” Tye Brady, chief technologist at Amazon Robotics, told the FT, adding that the...
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