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Hyundai takes full control of Boston Dynamics as SoftBank exits for $325 million
Startup Fortune • • business
Key Points:
- Hyundai Motor Group is set to acquire SoftBank's remaining 9.65% stake in Boston Dynamics for $325 million, gaining full ownership of the robotics company known for its humanoid robots.
- Boston Dynamics plans to deploy its electric Atlas humanoid robot in Hyundai's electric vehicle plant in Georgia by 2028, marking a shift from demonstration to practical factory use.
- Hyundai's integrated approach, including its components arm Hyundai Mobis producing key actuator parts, aims to ensure Atlas robots meet high reliability and task-learning standards for industrial applications.
- The robotics industry is becoming more competitive with players like Tesla, Figure AI, and Unitree advancing humanoid robots, but Boston Dynamics' focus on Hyundai's controlled factory environment offers a strategic advantage.
- SoftBank is moving away from Boston Dynamics to focus on a larger AI infrastructure venture called Roze AI, targeting a $100 billion valuation, signaling a shift from robotics product development to AI-driven infrastructure projects.
