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Now, various reports confirm that a deal has been reached, and it will see Hyundai take over Boston Dynamics from its current owners, Japanese conglomerate SoftBank, for $921 million. As Gizmodo ...
Boston Dynamics, Inc., is an American engineering and robotics design company founded in 1992 as a spin-off from the Massachusetts Institute of Technology. Headquartered in Waltham, Massachusetts , Boston Dynamics has been owned by the Hyundai Motor Group since December 2020, but it only completed the acquisition in June 2021.
The group was formed through the purchase of 51% of Kia by Hyundai Motor Company in 1998. As of 2011, Hyundai owns 33.7% [5] of Kia Motors.. On 22 May 2022, the Hyundai Motor Group announced the company would invest an additional $5 billion in the United States by the year 2025.
Marc Raibert (born December 22, 1949) is the Executive Director of the Boston Dynamics AI Institute, a Hyundai Motor Group organization. [1] Raibert was the founder, former CEO, and now Chairman of Boston Dynamics, a robotics company known for creating BigDog, Atlas, Spot, and Handle.
Hyundai may be the next owner of Boston Dynamics, the company behind the Spot robot dog.
Boston Dynamics' Big Dog. Source: Company website. These robots remind me of Ray Bradbury's 1953 dystopian classic novel, Fahrenheit 451 , in which the protagonist, Guy Montag, is pursued through ...
In 1947, Hyundai Togun (Hyundai Engineering and Construction), the initial company of the Hyundai Group, was established by Chung Ju-yung. [3] Hyundai Construction began operating outside of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam. [4] In 1950, Hyundai Togun was renamed Hyundai Construction. In 1958 ...
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