Wal-Mart launches incubator lab for startups
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...