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Automation. 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 having only completed the acquisition in June 2021. [1]
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 this morning announced that it has completed its acquisition of Boston Dynamics. The South Korean automotive giant now owns a controlling interest in Boston Dynamics, previously belonging ...
Back in June, Hyundai completed a deal for controlling interest in Boston Dynamics. The Korean automotive giant no doubt has some grand plans for integrating the Massachusetts-based firm’s ...
Marc Raibert. 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. Before starting Boston Dynamics, Raibert was ...
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]
The Hyundai Motor Group (HMG; IPA: [ˈhjəːndɛ]; [2] stylized as HYUNDAI) is a South Korean chaebol (loosely similar to a multinational conglomerate but without a central holding company or ownership structure) [3][4] headquartered in Seoul, South Korea. The HMG also refers to the group of affiliated companies interconnected by complex ...
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