Engadget
US · 23 mins ago
Hyundai reportedly looking to take total control of robotics giant Boston Dynamics
It’s planning to accelerate the commercialization of Boston Dynamics’ Atlas humanoid robot, Bloomberg says. Boston Dynamics Hyundai is preparing to acquire Softbank's remaining stake on Boston Dynamics, according to Bloomberg. The Korean automaker purchased an 80 percent stake on the robotics company back in 2020, while Softbank retained a 20 percent stake. Hyundai is now reportedly reviewing its contractual rights and obligations before snapping up Softbank's remaining 9.9 percent stake valued roughly at $325 million. If the deal pushes through, Hyundai will have full ownership of Boston Dynamics. As Bloomberg notes, the acquisition could be a massive windfall for Hyundai, as companies move towards the development of physical AI products. If and when it gets full control of Boston Dynamic
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