Core Insights - SoftBank is acquiring the robotics division of ABB for $5.3 billion to enhance its investment in artificial super intelligence [1] Company Summary - The acquisition involves a significant financial commitment of $5.3 billion by SoftBank [1] - The robotics division of ABB is expected to play a crucial role in SoftBank's strategy towards advancing artificial super intelligence [1] Industry Summary - The deal highlights the growing interest and investment in robotics and artificial intelligence sectors [1] - SoftBank's move reflects a broader trend in the industry towards integrating advanced technologies for future growth [1]

Core Insights - SoftBank Group announced the acquisition of ABB's robotics division for $5.4 billion, indicating a significant investment in the integration of artificial intelligence and robotics [1] Company Summary - The acquisition represents one of SoftBank's most ambitious investments in the robotics sector, highlighting its strategy to capitalize on the growing convergence of AI and robotics [1] Industry Summary - This move underscores the increasing importance of robotics in various industries, as companies seek to enhance automation and efficiency through advanced technologies [1]

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]

SoftBank has agreed to acquire Swiss conglomerate ABB’s industrial robots unit at an enterprise value of almost $5.4 billion https://t.co/ljeO2tx6xr ...

Key TakeawaysSoftBank Group Corp. (SFTBY) has agreed to acquire ABB's (ABB) robotics division for an enterprise value of $5.375 billion, a strategic move by Masayoshi Son to integrate top technology and talent for AI-robotics. ABB anticipates a significant ~$2.4 billion pretax book gain from the divestment, which is expected to close by mid-to-late 2026.The Reserve Bank of New Zealand (RBNZ) delivered an outsized 50 basis point rate cut, lowering its official cash rate (OCR) to 2.50% and signaling openness ...

Core Viewpoint - SoftBank Group has agreed to acquire ABB's robotics business for $5.4 billion, aiming to integrate robotics with artificial intelligence as part of its strategic vision [1][3]. SoftBank's Strategy - SoftBank is focusing on "Physical AI" as its next frontier, indicating a commitment to advancing the intersection of robotics and AI technologies [3]. - The acquisition follows SoftBank's previous investments in robotics, including Berkshire Grey and AutoStore, and a significant funding round for OpenAI [2]. ABB's Business Context - ABB's robotics division generated $2.3 billion in sales last year, accounting for 7% of its total revenues, but faced challenges in profitability and market crossover with its main business areas [4]. - The decision to sell the robotics business comes after ABB's initial plan to spin it off, driven by the immediate financial benefits of the SoftBank deal [5]. Market Dynamics - ABB's CEO noted that the robotics market is characterized by higher volatility compared to ABB's core focus on electrification and automation, which has more stable growth and margins [6]. - The transaction is expected to close in mid- to late-2026, providing ABB with approximately $5.3 billion in cash proceeds [6].

ABB on Wednesday said it has agreed to sell its robotics business to SoftBank Group in a deal that values the business at $5.38 billion. ...

Market Overview - US stock futures increased by approximately 0.2% for the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 as investors awaited Federal Reserve minutes for future policy hints amid a government shutdown affecting data availability [1][3] - Gold futures reached a record high, surpassing $4,000 per ounce, as investors sought safe-haven assets amid concerns over the AI sector and potential stock market bubbles [2][14] Company Updates - FedEx shares fell by 2% in premarket trading after an SEC filing revealed a reduction in stake by Prime Capital Investment Advisors [4] - QuantumScape's stock rose by 7% following a partnership announcement with PowerCo SE and a collaboration with Corning to develop manufacturing capabilities for solid-state batteries [5] - Nano Nuclear Energy Inc. shares dropped by 8% after announcing securities purchase agreements for the sale of 8,490,767 shares of common stock [6] - Confluent's stock surged by 18% as the company is exploring a sale due to acquisition interest [13] Strategic Moves - SoftBank agreed to acquire ABB's robotics unit for $5.4 billion, aiming to integrate hardware with AI technology [8] - Nvidia is set to invest up to $2 billion in Elon Musk's xAI as part of a $20 billion funding initiative, which includes financing for AI chip usage in a new data center project [11][12] Analyst Insights - HSBC downgraded Intel's rating from Hold to Reduce, citing concerns over its stock valuation despite a 90% increase in the past six months [10][11]

Qualcomm announcing a new acquisition as it makes a deeper push into robotics. Our Christina parts is watching that and today's tech jack. A busy day in the chip space.KP. >> Oh, it's it's always busy which is great for me and this job at CNBC. But let's talk about Qualcomm because they just announced it's acquiring Arduino I should say for an undisclosed sum which should close in the coming weeks I'm told.But this deal is more than about hardware. It's about positioning for what the industry is calling the ...

One of my favorite things to find on the internet now are these videos of all the humanoid robots. Many times in the videos, they're walking. They're going up and down the stairs. They're putting things away in the refrigerator. They're folding clothes.They're even spinning around on the ground. Every time I say to myself, "Man, those robots are pretty athletic. They look pretty smart. And frankly, I just want one. I want to own it. I want it to be in my house, in my office. I want to walk around with me." ...