SoftBank unit buys robotics businesses from Alphabet Inc

Japan’s SoftBank Group Corp has said that a unit of the company will buy two firms that build walking robots from Alphabet, which would add to the group’s growing artificial intelligence portfolio.The Japanese company will buy Boston Dynamics and Tokyo-based Schaft, which design and manufacture robots that simulate human movement. It did not disclose the terms of the transactions.

SoftBank’s shares rose as much as 7.9 percent after the deal was announced, hitting a 17-year high.”Smart robotics are going to be a key driver of the next stage of the information revolution, and Marc (Raibert) and his team at Boston Dynamics are the clear technology leaders in advanced dynamic robots,” SoftBank Group Chairman Masayoshi Son said in a statement. Raibert is CEO and founder of Boston Dynamics.

SoftBank is on an aggressive acquisition campaign to boost its research and development capabilities.

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Mike Rawson

Mike Rawson has recently re-awoken a long-standing interest in robots and our automated future. He lives in London with a single android - a temperamental vacuum cleaner - but is looking forward to getting more cyborgs soon.

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SoftBank unit buys robotics businesses from Alphabet Inc

by Mike Rawson time to read: 1 min
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