Was Boston Dynamics Sold Off Too Early & Too Cheap?

#artificialintelligence 

In recent news, Boston Dynamics was sold by Softbank to Hyundai at a valuation of $1.1 billion with the latter acquiring 80% stake in the company. Pioneered in developing mobile robots, Boston Dynamics produces some of the most agile and intelligent service and logistics robots. It became famous with its signature product SPOT, which could navigate terrains with unprecedented mobility, allowing it to automate some of the toughest robotics challenges. The company was founded by an MIT professor in 1992. Initially, it was sold to Google at $500 million in 2013, however later to be bought by SoftBank in 2017 for an undisclosed price. While the company was not profitable, it recently gained fame because of its robotic designs.

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