Amazon agrees to buy Zoox
Rumoured for a few weeks, Amazon has now announced it will buy Zoox. The rumoured price is just $1.2B -- a major down-round for Zoox, but still a large investment for Amazon. Amaon says they plan to continue Zoox's robotaxi vision, but I have to suspect they will also do robotic delivery.
The implications are huge. The robotaxi business is bigger than Amazon's retail business. And making their logistics business more robotic -- both long haul and local delivery -- should scare the others involved in traditional retail and delivery.
Read my updated analysis at Amazon buys Zoox