Core Viewpoint - SoftBank Group plans to acquire ABB's robotics business for $5.375 billion, aiming to enhance its investments in artificial intelligence and robotics [1][2]. Group 1: Acquisition Details - The acquisition is expected to close in mid- to late-2026, subject to customary closing conditions [2]. - SoftBank's investment will complement its existing portfolio, which includes SoftBank Robotics Group, Berkshire Grey, AutoStore Holdings, Agile Robots, and Skild AI [3]. Group 2: Strategic Rationale - ABB's robotics business is recognized globally with extensive sales channels and customer relationships, and SoftBank's investment is anticipated to reignite growth in this sector [3]. - SoftBank's Chairman and CEO, Masayoshi Son, emphasized the vision of merging artificial super intelligence with robotics to drive significant advancements for humanity [4]. Group 3: ABB's Perspective - ABB's decision to sell reflects the long-term strengths of its robotics business and aims to create immediate value for its shareholders [5]. - ABB had considered spinning off its robotics division due to limited synergies with its other businesses, which focus on electrification and automation [4][5]. Group 4: Broader Investment Context - In addition to the ABB acquisition, SoftBank has made significant investments in advanced technology, including a $2 billion investment in Intel and a $40 billion investment in OpenAI [6].

SoftBank says this acquisition will help it dive deeper into robotics as it considers physical AI to be the next frontier. https://t.co/RAJcvrcW65 ...

Core Insights - SoftBank Group is acquiring ABB Group's robotics business unit for $5.375 billion, with the deal expected to close in mid-to-late 2026 pending regulatory approval [2][3] - The acquisition aligns with SoftBank's strategy to focus on physical AI as a new frontier, aiming to integrate advanced technology and talent in robotics [5][6] Financial Overview - ABB's robotics business generated $2.3 billion in revenue in 2024, accounting for 7% of ABB's total revenue, and saw a decline from $2.5 billion in the previous year [3] - The robotics division employs approximately 7,000 people and offers various robotic solutions for tasks such as picking, cleaning, and painting [3] Strategic Direction - SoftBank has been actively investing in the robotics sector, including established companies like AutoStore and startups such as Skild AI and Agile Robots, and launched its own robotics platform in 2014 [4] - The company identifies robotics as one of its four key focus areas, alongside AI chips, AI data centers, and energy [5]

Core Insights - SoftBank Group is acquiring ABB Group's robotics business unit for $5.375 billion, with the deal expected to close in mid-to-late 2026 pending regulatory approval [2][3] - The acquisition aligns with SoftBank's strategy to focus on physical AI as a new frontier, aiming to combine advanced technology and talent to drive innovation in robotics [5][7] Group 1: Acquisition Details - The robotics business being acquired employs approximately 7,000 people and generated $2.3 billion in revenue in 2024, which accounted for 7% of ABB's total revenue [3] - ABB's robotics revenue decreased from $2.5 billion in the previous year to $2.3 billion in 2024, prompting the decision to spin out the division [3] Group 2: Strategic Focus - SoftBank has been actively investing in the robotics sector, including established companies like AutoStore and startups such as Skild AI and Agile Robots [4] - The company launched its own robotics platform, SoftBank Robotics Group, in 2014, indicating a long-term commitment to this industry [4] Group 3: Vision and Future Plans - Masayoshi Son, SoftBank's chairman and CEO, emphasized the goal of merging artificial super intelligence with robotics to advance humanity [5][7] - Robotics is one of four key focus areas for SoftBank, alongside AI chips, AI data centers, and energy, reflecting a broader vision for technological evolution [7]

Group 1: Gold Market - Gold has surged past the $4,000 an ounce mark for the first time, driven by concerns over the US economy and the ongoing government shutdown, with a year-to-date increase of over 50% [2][3] - The price of gold is on track for its best annual performance since the 1970s, a period marked by rapid inflation and the end of the gold standard [3] Group 2: Artificial Intelligence Investments - Elon Musk's AI startup XAI has reportedly raised $20 billion, with Nvidia investing $2 billion as one of the backers [6] - SoftBank is acquiring ABB's robotics division for $5.4 billion, continuing its strategy to position itself in the AI sector [7][8] - Concerns have been raised about inflated valuations in the AI market, with some companies showing significant discrepancies between revenue and profit margins [9][10] Group 3: Federal Reserve and Economic Outlook - The Federal Reserve is facing challenges in making monetary policy decisions due to the government shutdown, which has deprived officials of key economic data [36][42] - Fed officials are divided on the pace of future interest rate cuts, with some advocating for more aggressive cuts while others express concerns about inflation [39][40] Group 4: Market Reactions and Sector Impacts - The ongoing government shutdown has led to mixed impacts across various sectors, with the airline industry currently managing but facing potential future challenges if the shutdown continues [19][21] - The SEC's inability to review deals during the shutdown is causing a slowdown in the IPO pipeline, which could affect market dynamics [29][32] Group 5: Notable Company Developments - Tesla has unveiled cheaper versions of its Model Y and Model 3 cars, but the announcement led to a decline in its stock price [43] - Intel is set to reveal details about its new PC chip, Panther Lake, which will utilize next-generation manufacturing processes [44] - Confluent's stock has surged amid reports of the company exploring a sale after receiving takeover interest [45]

ABB has the appetite and firepower for acquisitions after the Swiss industrial giant agreed to sell its robotics unit to SoftBank for more than $5 billion https://t.co/Kq1IsLF4B2 ...

Core Insights - SoftBank Group has entered into a $5.4 billion agreement to acquire ABB's industrial-robotics business, aiming to merge artificial intelligence with robotics [1][2] - CEO Masayoshi Son envisions this fusion as a transformative evolution for humanity, reflecting his long-standing interest in robotics and AI [2][3] - SoftBank's stock has surged over 300% in the past six months, historically prompting the company to pursue aggressive acquisitions [2] Investment Strategy - The company has made significant investments in AI and related sectors, including a $30 billion commitment to OpenAI, a $2 billion investment in Intel, and a $6.5 billion acquisition of Ampere [3] - Son has expressed intentions to integrate robotics into chip-manufacturing facilities to enhance AI capabilities [3] Historical Context - SoftBank's robotics investments have been inconsistent, with notable failures such as a $375 million investment in Zume, a robot pizza-making startup that did not last [6] - Previous ventures included the development of the Pepper robot, which was designed to recognize human emotions but ceased operations in June 2023 [6] - The company sold Boston Dynamics in 2021 for around $1 billion after years of investment, and another portfolio company, Autostore, has seen its stock decline over 60% since its 2021 listing [7]

Five things to know ahead of today's opening bell. Soft Bank is buying the robotics division of Swiss engineering firm ABB for $5.4% billion. ABB had been looking to spin off that division.Soft Bank founder Masayoshi Sun said the company's next frontier is physical AI. New Federal Reserve Governor Steven Myin says his desire to lower interest rates is supported by the relative common treasuries. At an event in New York, Myron said bond market behavior, which has been fairly muted since the Fed eased by 25 b ...

Group 1 - Soft Bank is acquiring the robotics division of Swiss engineering firm ABB for $5.4 billion, as ABB seeks to spin off that division [1] - Soft Bank's founder, Masayoshi Son, emphasizes that the company's next focus is on physical AI [2] - Amazon is launching pharmacy kiosks at One Medical doctor's offices in the greater Los Angeles area, with plans for further expansion [4] Group 2 - Intel is set to reveal technical details of its upcoming high-end PC chip, Panther Lake, aiming to reassure investors about its new manufacturing process [3] - The Trump administration is considering canceling an additional $12 billion in funding for clean energy projects, including carbon removal and clean hydrogen initiatives [3]

Group 1 - Vicarious Surgical Inc. has entered into a securities purchase agreement with a single institutional investor [1] - The agreement includes the purchase of Class A common stock and pre-funded warrants in a registered direct offering [1] - Additionally, the company will issue warrants to purchase its Class A common stock in a concurrent private placement [1]