Travis Hoium
๐ค SpeakerAppearances Over Time
Podcast Appearances
Welcome back to Motley Fool Money with the Hidden Gems team.
Amazon is one of the biggest employers in the world, but it may not be for long if it keeps buying robotics companies.
Last week, they acquired a company called River that makes a kind of dog-looking delivery robot.
This week, it added Fauna Robotics, a humanoid-ish, like a short, like a four-foot-tall humanoid robot that's supposed to be, quote, capable, safe,
And also we've got Zooks in the mix.
Is this a company that's going to have a billion robots and no employees a decade from now?
I put out a memo to myself stating I want to be a trillionaire by mid-2030s.
I mean, it could happen, but we'll see.
I don't think you should just assume it as fact.
You know, similarly, I'm glad Rachel mentioned the word logistics, because I think about this in terms of logistics.
And I think, not to say that this isn't important, but it's just Amazon is a different animal because of its scale.
But really, all Amazon is doing is what everybody's doing.
In the case of logistics, Amazon was just the one company big enough to take it in-house when everybody else is still delivering stuff.
They're just using UPS or whomever.
Similarly, I could give you pages and pages of various retailers, logistics companies, companies with warehouses that are partnering, experimenting with robotics.
I can give you a trucking company that used to spend $500 million a year on tech related to warehouse tech.
What Amazon is doing is what everybody is doing.
It's just more, I guess, in the spotlight because they're buying companies.