SoftBank, Symbiotic set up AI-powered warehousing joint venture

SoftBank, Symbiotic set up AI-powered warehousing joint venture

FILE PHOTO: SoftBank's logo is pictured at a news conference in Tokyo, Japan, Feb. 4, 2021. REUTERS/Kim Kyung-Hoon/File Photo

SoftBank Group is partnering with Symbotic for a warehousing venture that will be majority owned by the Japanese investor and will buy $7.5 billion of the U.S. firm’s artificial intelligence-powered systems, the companies said.