SoftBank in Symbotic JV to build AI warehouses

Robust approach: The Tokyo International Forum, the venue of SoftBank’s annual shareholders’ meeting. Son says the conglomerate plans to shift its stance to ‘offence mode’ amid all the excitement over the advances in artificial intelligence. — Bloomberg

TOKYO: SoftBank Group is forming a joint venture with warehouse automation company Symbotic to build artificial intelligence (AI)-powered warehouses that will be majority owned by the Japanese technology investor, the companies say.

The firms are investing US$100mil (RM456.4mil) in the venture, which will be called GreenBox Systems.