ABB has completed its acquisition of Gamesa Electric’s power electronics business from Siemens Gamesa, expanding its renewable energy portfolio at a time of accelerating global demand for solar, wind, ...

Listen to more stories on the Noa app. Elon Musk, already the world’s richest man, is now on the path to becoming its first trillionaire. Tesla’s shareholders recently approved a massive pay package ...

The robot, known as AIDOL, staggered onstage during a technology showcase in Moscow. Organizers blamed the mishap on calibration and lighting issues. By Neil Vigdor and Sanjana Varghese It was an ...

Following SoftBank's acquisition of ABB's robotics business, the global industrial robot landscape has shifted from a European-Japanese balance to dominance by Japanese firms and China's Midea Group.

Robots may be one of the greatest 21st-century inventions, but up until Oct. 28, you couldn’t purchase one to help out with daily household tasks, such as emptying the dishwasher or vacuuming your ...

SoftBank's plan to acquire ABB's robotics division for nearly US$5.4 billion by 2026 signals a significant shift in the global robotics landscape. The acquisition marks SoftBank's strategic move into ...

ABB Robotics has invested in California-based LandingAI to accelerate its use of vision AI. A key goal of this investment involves the integration of LandingAI’s vision AI tech, such as LandingLens, ...

The transaction is the latest in a series of investments and acquisitions relating to the development of artificial intelligence infrastructure. Morrison Foerster has advised longtime client SoftBank ...

Tokyo-listed shares of SoftBank Group (OTC:SFTBY) (OTC:SFTBF) jumped as much as 13% after the Japanese giant agreed to acquire Swiss engineering firm ABB‘s (OTC:ABBNY) Robotics unit in a deal valued ...

SoftBank Acquires ABB’s Robotics Business for $5.4B Your email has been sent SoftBank has struck a definitive deal to acquire ABB’s robotics business for $5.375 billion, doubling down on founder ...

SoftBank Group Corp. agreed to acquire ABB Ltd.’s industrial robots unit at an enterprise value of almost $5.4 billion, reflecting billionaire Masayoshi Son’s growing bets on emerging technology in ...

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.