Walmart Inc. (WMT): CEO Says AI Will Change Every Job

Walmart Inc. (NYSE:WMT) is one of the companies that are pertinent to the discussion about The Future of Artificial Intelligence: 10 Predictions for 10 Industries.

Earlier this year, business magazine Fast Company reported that Marc Lore, the billionaire entrepreneur and former executive of a popular retailer, was preparing his food tech company, Wonder, for a public market debut in the first quarter of 2028. Wonder recently closed a $600 million funding round, led by Google Ventures, which pushed the valuation of the startup to $7 billion, according to Bloomberg. Lore said the company is creating an AI-powered superapp that blends meal delivery, personalized nutrition, smart restaurant systems, and brick-and-mortar locations into one seamless ecosystem. He added that the end goal is to own every consumer touchpoint in the mealtime experience across physical, digital, and logistical channels.

Is it a Wise Move to Invest in Walmart Inc. (WMT)?

Lore previously worked for Walmart Inc. (NYSE:WMT), which operates as a retail firm. Late last month, Walmart CEO Doug McMillon told The Wall Street Journal that he believed AI will remove some jobs and reshape the workforce. He added that it was very clear that AI was going to change literally every job. Per the report, the retail company plans to maintain its head count of about 2.1 million global workers over the next three years, but the types of jobs will be changing.

While we acknowledge the potential of WMT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WMT and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.