00:00Just weeks after Amazon CEO Andy Jassy said artificial intelligence could shrink its workforce, the company unveiled a major automation milestone, its one millionth robot. Amazon is the largest manufacturer and operator of mobile robotics in the world. The e-commerce giant began using robots back in 2012 to help move inventory in its warehouses, but now some of those robots can lift more than 1,200 pounds of merchandise at a time.
00:27Others are fully autonomous and navigate Amazon's busy factory floors. They're also getting smarter. Amazon also announced a new generative AI model called Deep Fleet that will improve its robot fleet travel efficiency by 10%. In early June, Jassy sent a memo to Amazon employees saying AI will require fewer people doing some of the jobs that are being done today and more people doing other types of jobs. He added, it's hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce
00:57our total corporate workforce. That'll do it for your daily briefing from the New York Stock Exchange. I'm Caroline Woods with the street.
