Amazon has purchased Zoox, a developer of autonomous vehicles, for $1.2 billion.
Zoox has been developing purpose-built, zero-emissions vehicles designed for autonomous ride-hailing, along with an end-to-end autonomy software stack.
Amazon purchased the company with last-mile delivery in mind. This could be a significant cost-cutting venture for Amazon, which ships more than 2.5 billion packages per year.
If the tech giant can cut labor costs by automating ground delivery, it could save them millions, while at the same time putting them in better shape than Federal Express and the United States Parcel Service.
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