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SoftBank buys $5.4 bn robotics firm to advance 'physical AI'

June 21, 2023 | TechXplore AI
SoftBank buys $5.4 bn robotics firm to advance 'physical AI'
Credit: AI-generated image Tech investment giant SoftBank Group said Wednesday it will buy Swiss-Swedish firm ABB Robotics for nearly $5.4 billion as part of its plans to bring artificial intelligence into the physical realm. ABB Robotics specializes in industrial robots, such as large robotic arms that can make precise movements in factories. Japan's SoftBank—a major investor in ChatGPT creator OpenAI—said the acquisition was part of its AI-focused busine