Amazon plans to invest more heavily in startups that bring artificial intelligence to robots this year.
Franziska Bossart, the head of Amazon’s $1 billion industrial innovation fund, told the Financial Times on Wednesday that Amazon will focus on generative AI investments this year, especially on startups that combine generative AI with robotics to support Amazon’s broader business goals. Automating logistics at its warehouses continues to be a priority for the company.
“This year, we want to further establish the Fund as a venture investor of choice for innovative startups of all sizes within the robotics, fulfillment, and logistics space,” Bossart stated in a press release. She further disclosed that AI advances
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