Softbank Takes Over ABB Robotics In A $5.4 Billion Deal To Bolster AI Portfolio - ARM Holdings (NASDAQ:ARM), ABB (OTC:ABBNY)
SoftBank Group (OTC:SFTBY) (OTC:SFTBF) said on Wednesday it will buy the robotics division of Swiss engineering firm ABB (OTC:ABBNY) in a $5.4 billion deal, as the Japanese firm looks to boost its artificial intelligence portfolio. ABB Robotics Poised To Boost SoftBank's AI Vision“SoftBank's next frontier is Physical AI. Together with ABB Robotics, we will unite world-class technology and talent under our shared vision to fuse Artificial Super Intelligence and robotics — driving a groundbreaking evolution ...