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Wal-Mart launches incubator lab for startups

Mar 21, 2017 - The Salt Lake Tribune

New York 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, Ark., brought over Lore, the founder of Jet.com, when the di...