SoftBank to buy ABB robotics unit for $5.4 billion as it boosts its AI play

Core Insights - SoftBank Group has agreed to acquire the robotics division of Swiss engineering firm ABB for $5.4 billion, aiming to enhance its artificial intelligence initiatives [1][2] - The acquisition will prevent ABB from pursuing a separate listing for its robotics business, indicating a strategic shift in ABB's focus [2] - Masayoshi Son envisions the integration of ABB Robotics with SoftBank's technology to advance the concept of Artificial Super Intelligence (ASI), which he describes as being 10,000 times smarter than humans [3] Summary by Categories Acquisition Details - SoftBank Group is set to purchase ABB's robotics division for $5.4 billion, reinforcing its commitment to AI [1][2] - The deal is pending global regulatory approval [2] Strategic Implications - The acquisition signifies a shift in ABB's strategy, as it will no longer seek to spin off its robotics business as a separate entity [2] - SoftBank aims to merge its technological capabilities with ABB's robotics expertise to drive innovation in Physical AI [2][3] Vision for the Future - Masayoshi Son articulates a vision of combining Artificial Super Intelligence with robotics to create transformative advancements for humanity [2][3]