Hyundai Buys Boston Dynamics: Majority Stake
Purchase is About Technology for Autonomous Cars
Source: Boston Dynamics
$1.1 Billion Deal
South Korean automaker Hyundai has purchased from Japan's Softbank the majority stake in robotics company Boston Dynamics for $1.1 billion. Boston Dynamics is a cutting edge robotics firm and world famous for its robot dog Spot. Hyundai is making the purchase to advance its autonomous technology for self-driving cars.
Spot is a highly advanced, semi-autonomous, 4 legged robot that works around the world in many capacities. It is on duty in many hospitals to help minimize medical staff exposure to COVID. Spot works on construction sites, factory floors, on oil rigs and can even serve as a personal companion that opens the door or a bottle of coke. Now, its robotic technology will empower autonomous vehicles. Experts say Spot's robotic technology may also enable the smart factories of the future and innovative, new technologies for hospitals.