SoftBank Group agreed to buy the robotics division of Swiss engineering firm ABB for $5.4 billion. The move is part of a number of investments and acquisitions by SoftBank as it looks to position ...

ZURICH/TOKYO (Reuters) -SoftBank Group has agreed to buy the robotics business of Swiss engineering group ABB in a $5.4 billion deal, as the Japanese investor forges ahead with a strategy to fuse ...

Japanese investing conglomerate SoftBank Group is buying a robotics company as the financial behemoth says physical AI is its next frontier. SoftBank announced on Wednesday that it has acquired Zurich ...

Tech investment giant SoftBank Group said Wednesday it will buy Swiss-Swedish firm ABB Robotics for nearly $5.4 billion as part of its plans to bring artificial intelligence into the physical realm.

ZURICH, April 17 (Reuters) - Swiss industrial group ABB (ABBN.S), opens new tab on Thursday announced plans to spin off its robotics division in the biggest shake up at the company since it sold its ...

(Bloomberg) -- SoftBank Group Corp. agreed to acquire ABB Ltd.’s industrial robots unit at an enterprise value of almost $5.4 billion, reflecting billionaire Masayoshi Son’s growing bets on emerging ...

This deal is founder Masayoshi Son’s push to fuse advanced AI with industrial robots. SoftBank has struck a definitive deal to acquire ABB’s robotics business for $5.375 billion, doubling down on ...

ABB Robotics has launched its 2024 Robotics AI Startup Challenge, a global competition designed to accelerate the development of artificial intelligence (AI) solutions in robotics. The challenge is ...

Earlier this year, Automation World interviewed Marc Segura, president of ABB Robotics and we asked him about the news that ABB was planning to spin off ABB Robotics as a stand-alone business. He said ...

Physical AI is giving robots the ability to perceive, decide, and adapt in the real world. Here’s what that looks like today ...