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Hyundai Just Bought Boston Dynamics, The World's Coolest Robot Company


Hyundai Just Bought Boston Dynamics, The World s Coolest Robot Company
Dec 11, 2020 at 4:06pm ET
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Hyundai wants to make humanoid robots for hospitals in the future.
You might be familiar with Boston Dynamics as the creators of highly mobile, yet also vaguely creepy, robots (check out the video below for an example). In a surprising announcement, Hyundai Motor Group is acquiring a controlling stake of around 80 percent of the company. It s buying the shares from SoftBank Group, which retains about 20 percent ownership after this deal. The transaction gives Boston Dynamics a value of $1.1 billion.
Going forward, Boston Dynamics will continue to work on the commercialization of advanced robots. Hyundai will use the company s innovations to improve autonomous vehicles like incorporating the bots ability to perceive their environment and to navigate safely within it. The two businesses will also work together to deve ....

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Hyundai takes control of Boston Dynamics in $1.1B deal


Hyundai takes control of Boston Dynamics in $1.1B deal
Ian Carlos Campbell and Jon Porter
© Image: Boston Dynamics
One of Boston Dynamics most famous robots is Spot, pictured.
Hyundai is officially purchasing a controlling stake in robot maker Boston Dynamics from SoftBank in a deal that values the company at $1.1 billion, the company announced today. The deal has been in the works for a while, according to recent a report from
Bloomberg, and marks a major step into consumer robotics for Hyundai. Hyundai is taking approximately an 80 percent stake in the company while its previous owner, Softbank, will retain around 20 percent through an affiliate. ....

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