Pactum offers AI-powered software that helps big companies like Walmart automate routine supplier negotiations.

Many people already think that Amazon’s vendor managers are robots, well this fantastic experience is coming to the rest of the retail industry, and soon.  Maersk Growth fund has invested 20 million dollars in Pactum to help automate routine supplier negotiations.  I guess it’s not hard to program ChatGPT to tell you to give a lower price and fill your purchase orders faster.

Bloomberg: Pactum Raises $20 Million in Maersk-Backed Funding to Grow AI Deal-Making