Walmart commits $6 billion to expand Symbotic deal

Oct 29 (Reuters) - ‌Walmart said on ​Thursday ​it had extended its agreement with AI robotics firm ‌Symbotic, committing about $6 billion over several ⁠years to bring more automation capabilities ‌to its distribution network.

Symbotic ‌has been helping Walmart automate its supply chain since 2017.

Under the ​agreement, Symbotic will bring additional automation capabilities to 25 of ⁠Walmart's regional distribution centers in the US and ​support its supply chain capabilities globally.

Walmart said the agreement aimed ​to support its e-commerce ‌upstream inventory management, increase storage capacity and improve ⁠how products move through the supply chain.

These capabilities will help Walmart offer ⁠customers a broader assortment, improve speed and ​provide more reliable replenishment across its network, the retailer said.

Retailers are increasingly deploying chatbots, ‌along with targeted promotions and loyalty programs to entice ‌shoppers who often turn to ⁠AI for product ‌recommendations.

(Reporting by ​Sanskriti Shekhar and Vallari Srivastava in Bengaluru; Editing by Diti ‌Pujara)

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