Search results
Results From The WOW.Com Content Network
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.
In December 2020, Hyundai Motor Group acquired an 80% stake of Boston Dynamics from SoftBank for approximately $880 million. SoftBank retains about 20% through an affiliate. [126] In January 2021, SoftBank sold $2 billion in Uber Technologies shares through affiliate firm SB Cayman. [127]
Hyundai may be the next owner of Boston Dynamics, the company behind the Spot robot dog.
As of 2015, X has acquired 14 companies, including Redwood Robotics, Meka Robotics, Boston Dynamics, Bot & Dolly, and Jetpac. [64] In June 2017, X sold Boston Dynamics to SoftBank Group , [ 65 ] which sold it to Hyundai Motor Company in December 2020.
Boston Dynamics unveiled Wednesday a new version of its humanoid robot, “Atlas,” that the company says is “designed for real-world applications.”
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' 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 ...