homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

March 22, 2017

Wal-Mart opens startup incubator

NEW YORK (AP) — Wal-Mart is launching an incubator lab focused on projects in robotics, virtual and augmented reality and artificial intelligence as it aims to compete more aggressively with Amazon.

The so-called Store No. 8 will be located in Silicon Valley and marks the latest attempt by the company's new head of e-commerce operations Marc Lore to speed up innovation at the company. Wal-Mart Stores Inc., based in Bentonville, Arkansas, brought over Lore, founder of Jet.com, when the discounter bought the online retailer last year for more than $3 billion and has been on an acquisition binge since then.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.