SoftBank Group is partnering with Symbotic for a warehousing enterprise that will likely be majority owned by the Japanese investor and can purchase $7.5 billion of the U.S. agency’s synthetic intelligence-powered techniques, the businesses mentioned.
The firms are investing a mixed $100 million within the enterprise, which will likely be known as GreenBox Systems, they mentioned on Monday.
SoftBank Group can have a 65% stake in GreenBox, with Symbotic proudly owning the remaining.
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Source: economictimes.indiatimes.com