Walmart in $6B Symbiotic deal to automate warehouses

Walmart has agreed to expand its commercial agreement with Symbiotic Inc. to automate an additional 25 U.S. regional distribution centers. Symbiotic (NASDAQ: SYM) is an AI-powered warehouse automation and robotics company headquartered in Wilmington, Massachusetts. Walmart (NASDAQ: WMT) will initially invest about $6 billion over several years to install high-tech equipment for moving cases at multiple locations, the companies said in a news release last week. Walmart has used Symbiotic products for a decade.