SoftBank and Symbotic form JV GreenBox Systems for AI-powered warehouses

SoftBank Group and Symbotic formed a joint venture called GreenBox Systems, majority-owned by SoftBank (65%), to build AI-powered warehouses. The firms invested $100 million total, and the JV signed a $7.5 billion contract to buy AI-powered systems from Symbotic over six years.

“The firms are investing a total of $100 million in the venture, which will be called GreenBox Systems.”aol.com

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• aol.comSoftBank forms JV with Symbotic to build AI-powered warehouses, up its stake - AOLZaheer Kachwala, Krystal HuJul 24, 2023

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