Hyundai to amass Boston Dynamics in $880m deal

Hyundai Motor Group of South Korea has agreed to purchase a controlling curiosity in Boston Dynamics from present proprietor SoftBank Group of Japan. In a deal which values Boston Dynamics at US$1.1bn Hyundai will stump up the money to purchase an 80 per cent share, whereas SoftBank, by means of one in all its associates, will retain an roughly 20 per cent stake. The deal appears to be like like a great match with Hyundai and Boston Dynamics with the ability to pool complementary robotics applied sciences, in addition to manufacturing and logictics.

The Boston Dynamics funding falls into Hyundai’s technique of investing in applied sciences comparable to autonomous driving expertise, connectivity, eco-friendly automobiles, good factories, superior supplies, synthetic intelligence (AI), and robots. Thanks to the brand new tech taken beneath its wing Hyundai hopes will probably be in a position to advance agile, cellular robots to be used in its enterprise operations, and people of its clients.

Both corporations, becoming a member of collectively in a strategic partnership, made statements concerning the synergies that may apply. The greatest software of those applied sciences will assist take away people from harmful, hazardous, and boring repetitive duties. Many Bit-Tech readers may have learn and seen examples of Boston Dynamics robots’ unbelievable mobility and dexterity so ought to assist Hyundai push even additional in advancing this business. On the opposite facet of the deal Hyundai has quite a lot of AI and Human Robot Interaction experience, in addition to substantial capital, and stable buyer base.

It is predicted that the deal will shut by June 2021, topic to regulatory approval.

What do you think?

Written by Gideon


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