• MarketWatch reports that Walmart has taken an 11.1 percent stake in AI supply chain company Symbotic.
The story notes that Walmart had previously disclosed that it is "adding Symbotic warehouse robotics to all 42 of its regional distribution centers … Retrofitting all 42 facilities is expected to take more than eight years. The technology aims to speed store orders by moving merchandise in a more orderly fashion and increase inventory accuracy. Symbotic went public via a merger with a SPAC in early June."
