SoftBank to acquire the robotics business of ABB for $5.4bn.

SoftBank, a multinational conglomerate holding company, agreed to acquire the robotics business of ABB, a global technology company specializing in electrification and automation, for $5.4bn. "SoftBank’s next frontier is Physical AI. Together with ABB Robotics, we will unite world-class technology and talent under our shared vision to fuse Artificial Super Intelligence and robotics — driving a groundbreaking evolution that will propel humanity forward," Masayoshi Son, SoftBank Chairman and CEO.