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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.
Hyundai may be the next owner of Boston Dynamics, the company behind the Spot robot dog.
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.
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 ...
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.
Boston Dynamics unveiled Wednesday a new version of its humanoid robot, “Atlas,” that the company says is “designed for real-world applications.”
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.
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 ...