The retail giant will fund the buildout of more than 400 accelerated pickup and delivery centers as part of its agreement with Symbotic.

Ben Ames has spent 20 years as a journalist since starting out as a daily newspaper reporter in Pennsylvania in 1995. From 1999 forward, he has focused on business and technology reporting for a ...

AI-powered warehouse operator Symbotic is set to acquire Walmart's robotics business in a deal valued at over $500 million.Julie Hyman and Josh Lipton expand more upon the details of this deal and ...

The retailer accounted for approximately 87% of Symbotic's total revenue of $1.82 billion in the fiscal year ended in September last year. Shares of Symbotic Inc. jumped on Thursday after the ...

Walmart and Symbotic announced a deal Tuesday that would find the Massachusetts robotics firm taking control of the mega-retailer’s automation business. Symbotic is paying $200 million in cash ...

The retailer will fund a development program that aims to leverage Symbotic’s artificial intelligence-enabled robotics platform and will seek to enhance Walmart’s current online pickup and ...

Symbotic's revenue is extremely concentrated, and the recent acquisition of Walmart's robotics business will only exacerbate this. Symbotic's valuation is still high given its slowing growth ...

Symbotic builds and deploys automation systems for warehouses, distribution centers, and supply chains. Its fully autonomous, artificial intelligence (AI)-enabled robots are already deployed in ...

Symbotic Inc. (NASDAQ:SYM) shares traded higher premarkets on Thursday after the company disclosed a deal to acquire Walmart Inc.‘s (NYSE:WMT) Advanced Systems and Robotics business. The ...

The acquisition of Walmart's Advanced Systems and Robotics Business deepens Symbotic's relationship with Walmart, potentially adding $5 billion to its backlog and expanding its market. Symbotic's ...

Walmart is selling its advanced systems and robotics business to Symbotic to improve online order pickup and delivery fulfillment, according to a Jan. 16 press release. Under a development ...