Walmart Shops Its AI Software to Retailers to Diversify Business
- Software uses AI to map more efficient directions for trucks
- The company has been selling services, diversifying business
A Walmart truck departs a distribution center in Saint George, Utah, US.
Photographer: George Frey/BloombergThis article is for subscribers only.
Walmart Inc. is looking to sell software that helps other companies deliver goods more quickly and efficiently as part of efforts to broaden its business activities beyond selling merchandise and groceries.
The company is offering the software after building the service out and using it internally over the past two and a half years. Walmart says it helped to save $90 million in one year. The software uses artificial intelligence to map more efficient routes for trucks making deliveries to stores to help orders arrive on time.