ZURICH--SoftBank Group said on Wednesday it has agreed to buy the robotics business of Swiss engineering group ABB in a $5.4 billion deal. The deal marks a major push by SoftBank founder and CEO ...

Originally introduced to handle highly repetitive, low-weight tasks such as machine tending, assembly, and smaller packaging operations alongside humans, collaborative robots (cobots) have been ...

Japanese investing conglomerate SoftBank Group is buying a robotics company as the financial behemoth says physical AI is its next frontier. SoftBank announced on Wednesday that it has acquired Zurich ...

ZURICH/TOKYO (Reuters) -SoftBank Group has agreed to buy the robotics business of Swiss engineering group ABB in a $5.4 billion deal, as the Japanese investor forges ahead with a strategy to fuse ...

SoftBank Group agreed to buy the robotics division of Swiss engineering firm ABB for $5.4 billion. The move is part of a number of investments and acquisitions by SoftBank as it looks to position ...

ZURICH/TOKYO :SoftBank Group has agreed to buy the robotics business of Swiss engineering group ABB in a $5.4 billion deal, as the Japanese investor forges ahead with a strategy to fuse robotics and ...

Shares of ABB are now trading higher following the announcement. ABB’s robotics unit, which manufactures factory robots and industrial automation equipment, reported about $2.3 billion in revenue last ...

SoftBank CEO Masayoshi Son said the company aims to merge robotics with artificial superintelligence, advancing technology to benefit humanity. (EPA Images pic) Tech investment giant SoftBank Group ...

ABB ABBNY announced that it will sell its robotics division to SoftBank for $5.4 billion, shifting from its initial intention in April to spin off and list the division. The robotics business ...

SoftBank Group reached a deal to acquire ABB’s industrial robot business for $5.4 billion, as chair Masayoshi Son steps up aggressive investments in AI data centres, chips and robotics. The deal is ...

This article first appeared on GuruFocus. SoftBank Group Corp. (SOBKY) is making another bold move in its AI playbook. The Japanese conglomerate has agreed to acquire ABB Ltd.'s industrial robotics ...

European tech giant ABB has agreed to divest ABB's robotics division to Japan's SoftBank Group for an enterprise value of $5.375 billion.