Hyundai Motor CompanyBoston Dynamics / Parent organization

In June 2021, Hyundai Motor Group acquired a majority interest in Boston Dynamics and now holds an 80 percent stake in the company. SoftBank, through one of its affiliates, holds the remaining 20 percent. Boston Dynamics operates as an independent business within the larger Hyundai portfolio.Hyundai is acquiring an 80 percent stake in Boston Dynamics in a deal valuing the company at $1.1 billion. Softbank will retain a 20 percent stake. Boston Dynamics was spun out of MIT as a private company in 1992 and survived for a long time on military contracts.It was a private company majority-owned by Hyundai (HYMTF 2.39%). The South Korean automaker acquired an 80% controlling interest in Boston Dynamics from Softbank in 2021. The deal valued the robotics company at $1.1 billion. Softbank retained the remaining 20% in Boston Dynamics.

Who are the investors in Boston Dynamics : Boston Dynamics was acquired by Hyundai Motor Company for $921M on Dec 9, 2020 .

Who did Google sell Boston Dynamics to

Though the machines look like sci-fi villains, Google once saw in them an opportunity, snatching up the start-up for an undisclosed amount in 2014. But the robots now have a new owner. Google's parent company, Alphabet Inc., sold Boston Dynamics to SoftBank Group Corp.

Does Google do robotics : Our goal is to improve robotics via machine learning, and improve machine learning via robotics. We foster close collaborations between machine learning researchers and roboticists to enable learning at scale on real and simulated robotic systems.

Alphabet is trying to make its new acquisitions profitable in a few years, and Boston Dynamics didn't seem like it was going to make it. Replicant, the robotics division, didn't seem to be fitting in with the kinds of problems other divisions were trying to solve.

Hyundai wanted to invest in more "mobility solutions," and Softbank was able to flip Boston Dynamics for a tidy profit. The acquisition is pretty exciting for Boston Dynamics. While the company has been churning out industry-leading robotics work for years, it has all been pure research.

Does IBM own Boston Dynamics

Headquartered in Waltham, Massachusetts, Boston Dynamics has been owned by the Hyundai Motor Group since December 2020, but having only completed the acquisition in June 2021. Boston Dynamics, Inc.TOKYO, June 21 (Reuters) – SoftBank Group Corp (9984. T) , opens new tab said on Monday South Korea's Hyundai Motor Group had completed the acquisition of robotics firm Boston Dynamics from the Japanese conglomerate.CEO Robert Playter

Boston Dynamics CEO Robert Playter: Atlas represents “our newest generation of what's been an almost 15-year effort in developing humanoids.” Boston Dynamics has just introduced a new Atlas humanoid robot, replacing the legendary hydraulic Atlas and intended to be a commercial product.

Boston Dynamics

Prior to being acquired by Google, Boston Dynamics largely operated on military research contracts. Its humanoid Atlas robot was used in DARPA's robotics challenge in 2015. Previous reports indicated that Toyota was interested in Boston Dynamics and that Google has been trying to sell the robotics lab for over a year.

Who is the head of robotics at Google : Vincent Vanhoucke

Vincent Vanhoucke is a Distinguished Scientist, and Senior Director for Robotics at Google DeepMind.

Why did Boston Dynamics fail : Boston Dynamics' weak resource base and lack of commercial experience are additional risks in their (commercial) market failure journey. Boston Dynamics' second-to-market is Unitree Robotics, founded in China in 2017, which launched a direct competitor to Spot — its A1 robot dog.

Did Kia buy Boston Dynamics

Kia, in collaboration with Boston Dynamics, an American robotics company acquired by Kia's parent company, Hyundai Motor Group, in 2021, has plans to launch a new robot in 2024.

2013

But Boston Dynamics, which was acquired by Google in 2013 and sold to SoftBank in 2017, was in the process of transforming into a full-fledged product company. The goal was to provide robots to clients and customers commercially, and the company's 2021 acquisition by Hyundai Motor Group sealed the strategy.In its lab, the Google team built on its existing Robotics Transformers (RT) models to develop new systems aimed at ultimately making our robot buddies faster and better at understanding and navigating human-centered environments.

Why did Hyundai buy Boston Dynamics : Hyundai Motor Group's decision to acquire Boston Dynamics is based on its growth potential and wide range of capabilities. “Wide range of capabilities" we get, but that other phrase, “growth potential," has a heck of a lot wrapped up in it. At the moment, Boston Dynamics is nowhere near profitable, as far as we know.