Morning Brew - ☕ Walmart, the tech company

The exec behind Walmart’s answer to AWS.
February 13, 2023

Emerging Tech Brew

Welcome to the week. As the daily Brew wrote last Friday, IPOs are kinda sorta (maybe) crawling back onto the scene after slowing to their lowest level since 2016 last year.

No word yet on if the SPAC market is expected to come roaring back, too, or if that was firmly a ZIRP-era feeding frenzy.

In today’s edition:

🛍 The exec behind Walmart’s answer to AWS
Delivery companies are linking up with robotics firms
Coworking

Hayden Field, Erin Cabrey, Dan McCarthy

RETAIL TECH

Inside Walmart’s tech commercialization flywheel

Walmart computer loading Francis Scialabba

Anshu Bhardwaj hadn’t slept, both her phone and laptop needed a charge, and she had 10 minutes before her flight from Toronto to San Francisco. Then she received the call she’d been waiting for: The Salesforce-Walmart partnership could proceed.

Bhardwaj and her team had been working on a big-ticket deal with Salesforce to help commercialize Walmart’s tech and offer it as a paid business service (think: an early-stage version of something like Amazon fulfillment and delivery services). The talks had begun months earlier, but it was now June, and to Bhardwaj, progress had seemed to stall.

  • The pre-flight phone call kicked off months of turning a “mental handshake” deal with Salesforce into a formal one: A contract that rolled Walmart’s tech tools for retailers into Salesforce’s suite of products, starting with Store Assist—which helps businesses turn store locations into fulfillment centers—and GoLocal, a tool for coordinating customer pickup and delivery.

Walmart’s purported goal: Become a services provider for other retailers. The companies announced the retail tech partnership last month, highlighting Walmart’s evolving business strategy.

“This one announcement is just one piece that’s enabling this much larger flywheel and much grander ambition,” Andrew Lipsman, principal analyst at Insider Intelligence, told Tech Brew. “Ultimately, Walmart exists in a very thin-margin business: They’re a low-price leader in retail. The more that they become a services company, and the more of their revenue that comes from digital advertising, the more their bottom line pops.” Read the full story on Bhardwaj and Walmart’s plan to commercialize its tech.HF

        

ROBOTICS

The rise of robo-deliveries

Serve Robotics delivery robot in a crosswalk Serve Robotics

When you navigate to Serve Robotics’ website, it poses an interesting question: “Why deliver two-pound burritos in two-ton cars?”

After briefly wondering if burritos are actually that heavy, you may realize the answer to the actual question lies simply in the fact that there aren’t too many other delivery alternatives (and we all know the economics for rapid delivery aren’t great).

But a crop of companies believe they’ve cracked the code, offering what they say are cheaper, less labor-intensive, and more sustainable ways to complete local deliveries: robots. While Serve and Nuro’s deployments have been on a smaller, regional scale thus far, the companies are continuing to scale with new partners like 7-Eleven and Uber Eats, and hoping to break through this year.

Roll with it: Serve was started by Postmates in 2017, using data from the food-delivery company that found over half of deliveries covered less than a few miles and 90% were delivered in cars, “which is both not very sustainable, but also very expensive,” Serve Robotics CEO and co-founder Ali Kashani told us. Read the full delivery dive from Retail Brew here.EC

        

READER SPOTLIGHT

Coworking with…Satish Rao

Coworking with…Satish Rao Satish Rao

Coworking is a weekly segment where we spotlight Emerging Tech Brew readers who work with emerging technologies. Click here if you’d like a chance to be featured.

How would you describe your job to someone who doesn’t work in tech?

We operate Newlab’s applied innovation ecosystem, pairing the resources and expertise of the private and public sectors with entrepreneurs and engineers developing transformative solutions to critical challenges across mobility, energy, and materials. Our underlying aim is to support the application and development of advanced technologies to solve our planet’s biggest challenges.

What emerging tech are you most optimistic about? And why?

Within 5G, I’m optimistic about the impact this technology can play in the world’s energy transition. Energy will soon be decentralized, making it necessary for utility and electrification infrastructure to be smarter and react quicker. While 5G will certainly usher in a fourth industrial revolution, it will also drive our ability to efficiently move electrons across a system, changing the way we operate grids, utilize renewable energy, and connect to vehicles that move people and goods.

What’s the best piece of tech-related media you’ve read/watched/listened to?

Azeem Azhar’s Exponential View is required consumption at Newlab. The podcasts, newsletters, and his book are all full of rich content with interesting points of view on how technology will impact the world.

        

BITS AND BYTES

Pascal Deloche/Getty Images

Stat: Apple’s Services revenue—$79.4 billion in 2022, per Finbold—now exceeds the total revenue of legendary companies like Intel, Nike, and Boeing. Again, that’s *just* the revenue from its Services segment.

Quote: “I don’t care if you learn anything about wearable technology today…We are evaluating ChatGPT. Your goal is to identify whether the lesson is effective or ineffective.”—Marisa Shuman, an NYC high school teacher who encouraged her students to engage critically with a ChatGPT-generated lesson plan

Read: Seven big problems facing AI-powered search.

Digital transformation success: IT professionals know achieving this isn’t easy, but IT Brew has 5 tips to help you strategize.

WHAT ELSE IS BREWING

  • JD.com, the Chinese e-comm giant, plans to introduce its own ChatGPT-esque tool focused on serving the retail and finance industries.
  • GitHub and GitLab both announced layoffs last week.
  • Duolingo’s AI-based approach to personalized learning.
  • Neuralink is under investigation by the US Department of Transportation “over the potentially illegal movement of hazardous pathogens.”
  • Biotech companies are undergoing layoffs and shutdowns amid an industrywide downturn.

TRIVIA

News quiz branding Francis Scialabba

Welcome to this week’s installment of Tech Brew trivia, a 100% human-made piece of media.

Click here to play this week’s trivia.

SHARE THE BREW

Share Tech Brew with your coworkers, acquire free Brew swag, and then make new friends as a result of your fresh Brew swag.

We’re saying we’ll give you free stuff and more friends if you share a link. One link.

Your referral count: 2

Click to Share

Or copy & paste your referral link to others:
morningbrew.com/emerging-tech/r/?kid=303a04a9

         

Written by Hayden Field, Erin Cabrey, and Dan McCarthy

Was this email forwarded to you? Sign up here.

  Guide → What is AI?

  Guide → What is 5G?

Take The Brew to work

Get smarter in just 5 minutes

Business education without the BS

Interested in podcasts?

  • Check out ours here
ADVERTISE // CAREERS // SHOP 10% OFF // FAQ

Update your email preferences or unsubscribe here.
View our privacy policy here.

Copyright © 2023 Morning Brew. All rights reserved.
22 W 19th St, 4th Floor, New York, NY 10011

Key phrases

Older messages

☕ That’s bananas

Monday, February 13, 2023

Becoming TikTok famous. February 13, 2023 Marketing Brew TOGETHER WITH Stella Rising It's the Monday after the Super Bowl. Let us reassure you—there's no shame in eating chicken wings for

☕ Super Monday

Monday, February 13, 2023

More objects are shot down above North America... February 13, 2023 View Online | Sign Up | Shop 10% Off Morning Brew TOGETHER WITH E*TRADE from Morgan Stanley Good morning. Welp. The Kansas City

☕ The politics of ChatGPT

Sunday, February 12, 2023

Who would ChatGPT vote for? Together with HOKA February 12, 2023 | View Online | Sign Up | Shop 10% Off Dylan Buell/Getty Images BROWSING Classifieds banner image The wackiest headlines from the week

☕ Yeezy stockpile

Saturday, February 11, 2023

Why Lyft is frowning under that mustache... February 11, 2023 View Online | Sign Up | Shop 10% Off Morning Brew TOGETHER WITH LiquidPiston Good morning. Of the near-infinite bets you can place on the

📢 Attention Marketers: Network with industry trailblazers in NYC

Friday, February 10, 2023

The Brief: A Marketing Brew Summit May 11, 2023 | 8:30am - 5:30pm ET Convene 225 New York, NY The Brief, a one-day summit, is coming back to NYC and we're upping the ante. You'll have even more

You Might Also Like

What Does Donald Trump’s Gag Order Really Mean?

Friday, April 26, 2024

Columns and commentary on news, politics, business, and technology from the Intelligencer team. Intelligencer FRIDAY, APRIL 26 Donald Trump Is a Special Kind of Courtroom-Discipline Problem Judge

I Found EltaMD Sunscreen on Sale

Friday, April 26, 2024

23 things on sale you'll actually want to buy. The Strategist Every product is independently selected by editors. If you buy something through our links, New York may earn an affiliate commission.

GeekWire Awards: Grab tickets before the big show sells out

Friday, April 26, 2024

GeekWire Awards: Grab tickets before the big show sells out Limited number of GeekWire Awards tickets released The much-anticipated GeekWire Awards — celebrating the top innovators, entrepreneurs and

A Diamond in the Rough

Friday, April 26, 2024

An American Story, and New Shirts! ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Are we going to see more nonprofit newsrooms team up?

Friday, April 26, 2024

PLUS: How Ben McCarthy built a Salesforce-focused media company with 400000 monthly readers ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Would you choose cohabitation over marriage?

Friday, April 26, 2024

Plus: Home Planet, Trudeau's plan to fight populism, and more. Each week, a different Vox editor curates their favorite work that Vox has published across text, audio, and video. This week's

The jeans we’re wearing this spring

Friday, April 26, 2024

If you miss skinny jeans ... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Haunted by breaches, Microsoft says it’s ‘putting security above all else’

Friday, April 26, 2024

Bill payment company Doxo disputes FTC lawsuit | AI fuels hot streak at UW's Institute for Protein Design ADVERTISEMENT GeekWire SPONSOR MESSAGE: Science Firsthand: Learn how Bristol Myers Squibb

☕ Just like a movie

Friday, April 26, 2024

Francis Ford Coppola: the 'accidental hotelier.' April 26, 2024 Retail Brew It's Friday, and the economy's got the jitters. The combination of slowing GDP growth and continued inflation

My conversation with former Rep. Ken Buck (R-CO)

Friday, April 26, 2024

I sit down with recently retired Representative Ken Buck (R-CO). My conversation with former Rep. Ken Buck (R-CO) By Isaac Saul • 26 Apr 2024 View in browser View in browser I'm Isaac Saul, and