Hyundai bought 80% of Boston Dynamics

Hyundai acquired the largest stake in the American robotics company from Softbank for $ 880 million.

The deal has been in place since December 2020 when the board of directors of three Hyundai subsidiaries approved the acquisition that would give them 80 percent of Boston Dynamics. SoftBank will retain the remaining 20 percent.

boston dynamics

Boston Dynamics was founded by the Massachusetts Institute of Technology boffins in 1992. Behind it were Google and Softbank.

The company's creations are often terrifying and cunning it's creepy to her.

Spot a robot dog was released in June 2020 and is intended for use by utilities, construction, and others. Boston Dynamics' new robot, Stretch, can help warehouses and distribution centers.

However, the company's products have proven controversial at times, as in April 2021, the New York City Police Department faced criticism for purchasing a robot from Boston Dynamics called Digidog. The rationale being that it was natural that the robot looked scary and invaded privacy. New York AT quickly terminates $94.000 contract with Boston Dynamics.

Hyundai says it wants to use Boston Dynamics technology in roles that will not use disign but technology to become a "smart mobility solution provider" company.

Hyundai Motor Group Chairman Chung Euisun said in October 2019 that the group aims to have 20 percent of its business in robotics, a goal that this acquisition will fully enhance. Her half of Hyundai will remain focused on vehicle manufacturing, with the remaining 30 percent aimed at "urban mobility in the air."

Watch the promotional video below announcing the acquisition and introducing Boston Dynamics technology

https://www.youtube.com/watch?v=O2_NEy0iDck

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Written by giorgos

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