Spurred by China's rapid advances in artificial intelligence, Swiss technology company ABB Group will ramp up its innovation efforts in the robotics sector to outpace its rivals in the country's ...

Featured image courtesy of ABB. Electrification and automation manufacturing conglomerate ABB announced plans to spin off its robotics division, marking its largest portfolio shift since divesting its ...

ZURICH (Reuters) -Swiss engineering company ABB said it is seeing strong customer demand, particularly from a surge in new data centres being built in the U.S. to process artificial intelligence. ABB, ...

The transaction is the latest in a series of investments and acquisitions relating to the development of artificial intelligence infrastructure. Morrison Foerster has advised longtime client SoftBank ...

Japan's SoftBank Group (SBG) and Swiss heavy electrical firm ABB have signed an agreement for SoftBank to acquire ABB's robotics business for US$5.375 billion. According to reports from Nikkei and ...

SoftBank Group Corp.’s stock surged as much as 13% to a fresh intraday high as its plan to buy ABB Ltd.’s robotics arm boosted expectations for profit growth from artificial intelligence. The Japanese ...

Tech investment giant SoftBank Group said Wednesday it will buy Swiss-Swedish firm ABB Robotics for nearly $5.4 billion as part of its plans to bring artificial intelligence into the physical realm.

ZURICH/TOKYO, Oct 8 (Reuters) - SoftBank Group (9984.T), opens new tab has agreed to buy the robotics business of Swiss engineering group ABB (ABBN.S), opens new tab in a $5.4 billion deal, as the ...

One of the world’s largest industrial automation providers is changing owners. ABB Group today said it is divesting its ABB Robotics & Discrete Automation division to SoftBank Group Corp. for $5.375 ...

In a landmark $5.4 billion deal set to reshape the automation landscape, SoftBank Group announced today that it will acquire ABB’s robotics division, a global leader in technology. The transaction is ...

Swedish-Swiss company ABB today announced it has signed an agreement to divest its Robotics division to SoftBank Group for an enterprise value of $5.375 billion and not pursue its earlier intention to ...

Tech investment giant SoftBank Group said Wednesday it will buy Swiss-Swedish firm ABB Robotics for nearly $5.4 billion as part of its plans to bring artificial intelligence into the physical realm.