RobotMe summary
The Robot Report says SoftBank has agreed to buy the Cambridge-based Robotics and AI Institute from Hyundai Motor Group, citing multiple sources. The report says the transaction is under U.S. foreign-investment review, with financial terms and the review’s progress not publicly established.
The institute, founded by Marc Raibert, researches robot control, perception, manipulation and AI. The report places the proposed deal alongside SoftBank’s other robotics interests. The institute did not confirm the transaction to the publication, and SoftBank had not responded at publication time. This should be read as a reported pending transaction, not confirmation of a completed acquisition.