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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.
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.
Hyundai may be the next owner of Boston Dynamics, the company behind the Spot robot dog.
Softbank Group contributed $28 billion to the investment fund, of which $8.2 billion came from the sale of approximately 25% of British multinational Arm Holdings shares. [83] Saudi Arabia is the principal investor in the fund, its Public Investment Fund (PIF) agreed to inject $45 billion into the Vision Fund over 5 years, becoming its largest ...
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.
Boston Dynamics unveiled Wednesday a new version of its humanoid robot, “Atlas,” that the company says is “designed for real-world applications.”
In August 2019, Aptiv and Hyundai Motor Group announced plans to establish a $4 billion autonomous driving joint venture [24] in which the firms would each have a 50% stake. The companies said the joint venture, which would have its headquarters in Boston, would focus on advancing the “design, development and commercialization of SAE Level 4 ...
The world's population is expected to jump from 7.1 billion today to 9.2 billion by 2050, rising pollution has been implicated in an estimated 2.1 million deaths per year, and global warming ...