Tags: Skild

SoftBank is purchasing ABB’s robotics division for $5.4 billion, a move the company says will cement its focus on "Physical AI." Founder Masayoshi Son described the acquisition as a step toward a new frontier in artificial intelligence. The deal, which still requires regulatory approval, adds to SoftBank’s existing robotics holdings, including stakes in Skild, AutoStore Holdings and Agile Robots, and aligns with its broader investment strategy in chips, data centers, energy and generative AI technologies. Read more