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Hyundai Set to Buy Boston Dynamics for a Lofty $1.1 Billion

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Update Friday 11 December: As per an official Hyundai press release, the South Korean company and SoftBank Group agreed today on the main terms of the transaction. Hyundai Motor "will acquire a controlling interest in Boston Dynamics in a deal that values the mobile robot firm at $1.1 billion," read the statement. The exact financial terms were not disclosed, but the deal will bring Hyundai Motor's mobility expertise into the world of robotics technologies. This move brings Hyundai Motors one step closer to its vision of transforming into a Smart Mobility Solution Provider. "We are delighted to have Boston Dynamics, a world leader in mobile robots, join the Hyundai team. This transaction will unite capabilities of Hyundai Motor Group and Boston Dynamics to spearhead innovation in future mobility," stated Euisun Chung, Chairman of Hyundai Motor.


At CES 2022, metaverses metaversed the metaverse – TechCrunch

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In the lead up to CES, I wrote a piece reflecting on top tech of CES 2012. It was an interesting exercise for a number of reasons -- not the least of which was recalling the buzzwords from 10 years ago. That year, LTE and ultrabooks topped the list. One had a great run. That is to say that the strength of buzz at CES in any given year isn't predictive of longevity.


Is Boston Dynamics becoming a boring robotics company?

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Boston Dynamics has made a name for itself through fascinating videos of biped and quadruped robots doing backflips, opening doors, and dancing to Uptown Funk. Now, it has revealed its latest gadget: A robot that looks like a huge overhead projector on wheels. It's called Stretch, it doesn't do backflips, it doesn't dance, and it's made to do one task: moving boxes. But this could, in fact, become the most successful commercial product of Boston Dynamics and turn it into a profitable company. Stretch has a box-like base with a set of wheels that can move in all directions. On top of the base are a large robotic arm and a perception mast.


Hyundai acquires robotics company Boston Dynamics in $1.1 billion deal

Mashable

Hyundai has officially confirmed rumors that have been flying around since November. It has acquired a controlling interest in robotics company Boston Dynamics. Under the terms of the agreement, Hyundai will hold an approximately 80 percent stake in Boston Dynamics, while previous owner SoftBank will retain the remaining 20 percent. The deal values Boston Dynamics at $1.1 billion. "The deal came as Hyundai Motor Group envisions the transformation of human life by combining world-leading robotics technologies with its mobility expertise," Hyundai said in a press release Friday.


Hyundai confirms its $1.1 billion acquisition of Boston Dynamics

Engadget

Boston Dynamics is now officially part of Hyundai Motor Group. The Korean conglomerate has struck a deal with Softbank to acquire a controlling interest -- an 80 percent stake -- in the robotics company for $1.1 billion. Softbank will retain a 20 percent stake through one of its affiliates. The companies have been in talks since at least early November, and the deal is expected to be finalized in June 2021. According to their announcement, Hyundai decided to purchase a controlling stake in the robotics firm, because it "possesses multiple key technologies for high-performance robots equipped with perception, navigation, and intelligence."