"Together with ABB Robotics, we will unite world-class technology and talent under our shared vision to fuse Artificial Super Intelligence and robotics - driving a groundbreaking evolution that will propel humanity forward."
"SoftBank's next frontier is physical AI,"
"The center of the 'Information Revolution' has evolved from personal computers, the internet, and broadband to smartphones, and has now entered a new phase led by artificial intelli"
"reignite"
SoftBank Group is acquiring ABB Group's robotics business unit for $5.375 billion, with the transaction expected to close in mid-to-late 2026 pending regulatory approval. The unit employs about 7,000 people and generated $2.3 billion revenue in 2024, a decline from $2.5 billion the previous year, representing roughly 7% of ABB's revenue. Sami Atiya will exit once the acquisition completes. SoftBank aims to revive sales at the robotics spinoff and incorporate the business into its broader robotics and physical AI strategy. Robotics is one of four strategic focus areas alongside AI chips, AI data centers, and energy.
Read at TechCrunch
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