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Softbank betting on Boston company robots

Back in March, word got out that Alphabet, Google’s parent company, was thinking of off-loading its 2013 robotics firm acquisition, Boston Dynamics.
According to TechCrunch, a spokesperson for the company has confirmed that indeed Boston Dynamics, along with Japanese firm SCHAFT will be acquired in a deal whose terms are not being disclosed.
Now, it appears that Japanese multinational SoftBank – which last year bought chip maker ARM – will be coming to its rescue.
That said, it’s still not clear exactly what the Japanese behemoth’s motivation for the deal were, due to the secretive nature of both Boston Dynamics and especially SCHAFT’s projects.
Regarding the acquisition, Masayoshi Son, chairman and CEO of SoftBank Group Corp. said:”Smart robotics are going to be a key driver of the next stage of the Information Revolution, and Marc and his team at Boston Dynamics are the clear technology leaders in advanced dynamic robots.

Softbank betting on Boston robotics company

according to With Boston Robotics in its portfolio, Softbank might someday offer walking robots that could stock store shelves, or provide home care for senior citizens.
Besides, said Dan Kara, research director for robotics at ABI Research in Oyster Bay, N.Y., Boston Robotics excels at teaching robots to walk.
Bruce Newman/Oxford Eagle/Associated Press Pepper, a humanoid robot from Softbank Robotics America, at a tech show in Miss.
According to Damion Shelton, chief executive of Agility Robotics Inc. in Albany, Ore., Boston Dynamics’ new owners had better be patient.
But it’s a soft landing for Boston Dynamics, a company that has yet to translate its innovative technologies into profitable products.

Technology giant Softbank (Swiss: SOFB.SW – news) is going to buy Boston Dynamics, the robotics company currently owned by Google’s parent company.
Softbank’s acquisition of Boston Dynamics follows that of it purchasing Cambridge-based chip design business ARM for over £24bn last year.
Also acquired in the deal is a lesser known Alphabet subsidiary, a bipedal robotics company called Schaft, which was originally Japanese-owned.
Other smart robots developed by Boston Dynamics includes the bipedal robot Atlas, which is 175cm tall.
The Japanese telecommunications and internet corporation has agreed to purchase the makers of the “Big Dog” robot from Alphabet (Xetra: ABEA.DE – news) for an undisclosed sum.


collected by :Molly Tony

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