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.

Japanese billionaire wants to raise $100 bn to reach the singularity with a 10,000 IQ chip

Masayoshi Son, the CEO of SoftBank Group, is Japan’s second wealthiest person and a strong believer in the singularity — a sort of point of no return in which human civilization, rules, and technology become incomprehensible to previous generations.

Softbank’s acquisition of ARM is a big bet on the future – BBC News

Imagine a future where your fridge, your washing machine, even your hairbrush, is a computer. Everyday appliances, all of a sudden transformed into intelligent, thinking and analytical machines.

And then think – how much would you pay to own the technology behind those devices? That might help to explain why Softbank’s eccentric chief executive Masayoshi Son is paying close to a 50% premium for the UK’s ARM Holdings.

Hi there - can I help you with anything?
[Subscribe here]