Per CNBC
Cathie Wood says Amazon workers could be surpassed by robots in 2030
2/10/2023
AD_SHOULD_BE_HERE
With things like automation or ChatGPT on the rise, Ark Invest's Cathie Wood shares her thoughts on how robots could surpass Amazon workers by 2030. Woods noted that that year, Amazon could potentially have more robots than employees.
While OpenAI's ChatGPT took the world by storm, showing what artificial intelligence is capable of, Amazon has been pouring significant amounts into robots. In April 2022, the company invested $1 billion in warehouse technologies, per another article by CNBC.
Amazon's funds included investments made towards companies that focused on robotics. Amazon said during that time that they wanted to become the safest place for people to work and that their investment was towards robotic development that would complement and "coexist with people's lives."
AD_SHOULD_BE_HERE
Cathie Wood has been bullish on some of the biggest tech companies in the industry, especially Tesla. Now, the Ark Invest CEO says that Amazon could increase its use of robots in the workplace.
Wood: “Amazon is adding about a thousand robots a day. ... If you compare the number of robots Amazon has to the number of employees, it’s about a third. And we believe that by the year 2030 Amazon can have more robots than employees,”
Cathie Wood then said that it is the "dawn of the robotics age" and clarified that battery tech and AI were also included in the movement. She also pointed out cost declines in terms of improving technologies.
AD_SHOULD_BE_HERE
Amazon, however, is still testing out new tech, as seen in its decision to ditch the home delivery robot last year as it saw a slump in sales growth. The company previously tested out the Scout home delivery robot, which had a team of 400 people at that time. Still, after they decided to shut it down, the employees were offered new positions within the business.
The company has also been looking at AI for its software coding, as an employee shared that ChatGPT was being tested to see its impact on the business. They found that the AI tool did a "very good job" answering AWS customer support questions.
See flow at unusualwhales.com/flow.
AD_SHOULD_BE_HERE
Other News:
- Amazon Ditches Home Delivery Robot as Sales Growth Slows Down
- Amazon, AMZN, employees are already using ChatGPT for software coding
Resources:
AD_SHOULD_BE_HERE
Trump: I want no more property taxes across the United States
7/4/2025 10:14 PMTrump's "Big, Beautiful" has $1.1 trillion in health cuts and 11.8 million losing care
7/3/2025 7:31 PMTrump’s Big, Beautiful bill passes the House
7/3/2025 7:27 PMGas prices haven’t been this low for the Fourth of July since 2021
7/3/2025 4:32 PM
Stay Updated
Subscribe to our newsletter for the latest financial insights and news.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.