Supply Chain

SoftBank to Buy ABB’s Robotics Arm in $5.4B Deal

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 technology in ...
Hosted on MSN

SoftBank to buy ABB's robot business for $5.4 billion in push to merge AI and robotics

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 ...
Forbes

PSYONIC Arms NVIDIA And ABB With Robots Dexterity Data

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. Physical AI struggles with object manipulation due to a critical lack of high-fidelity data ...
Bloomberg L.P.

ABB Weighs Sale of Robotics Arm as Alternative to Spinoff

ABB Ltd. is exploring a potential sale of the robotics unit, which could be worth more than $3.5 billion, as an alternative to the main spinoff plan, according to people familiar with the matter. The ...
Bloomberg L.P.

SoftBank Shares Jump 13% as Bull Case Grows With ABB Robot Deal

SoftBank Group Corp.’s stock surged as much as 13% to a fresh intraday high as its plan to buy ABB Ltd.’s robotics arm boosted expectations for profit growth from artificial intelligence. The Japanese ...