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.Google acquired Boston Dynamics in December 13, 2013. But after a few years, in 2017, it sold it to Japan's SoftBank Group. In December 2020 Hyundai Motor Group acquired an 80% stake in the company from SoftBank, which grew into a full controlling stake by June 2021.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.

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.

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 Boston Dynamics still exist : Boston Dynamics is the global leader in developing and deploying highly mobile robots capable of tackling industry's toughest challenges.

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.

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.

Did Samsung buy 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.Hyundai Motor Group

Hyundai Motor Group Completes Acquisition of Boston Dynamics from Softbank.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.

As SoftBank invested billions of dollars in unprofitable startups beginning in 2017, it inflated valuations worldwide before they were punctured by China's tech crackdown from 2020 and the US Federal Reserve's rate hikes last year. The company spent months writing down losses while limiting new investments.

Does Boston Dynamics make money : However, it makes most of its money from selling cars and providing financing. Boston Dynamics is likely a minimal contributor to its revenue (the company only had a few hundred robots operating when Hyundai acquired its majority stake in 2021).

Is SoftBank still profitable : SoftBank booked a profit of 328.9 billion yen ($2.11 billion) in January-March, compared to a loss of 32 billion yen a year earlier. Still, the second straight quarter of profit was not enough to keep it in the black for the full year.

Why did SoftBank lose 6.2 billion

racked up a huge loss in the July-September quarter as its technology investments, most notably office-sharing company WeWork, went sour. Tokyo-based SoftBank loss totaled 931 billion yen ($6.2 billion) in the last quarter, a reversal from the 3 trillion yen profit it posted in the same period a year earlier.

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.SoftBank Group booked a record net loss of 1.71 trillion yen in fiscal 2021 on the back of a global stock rout after logging the highest profit for a Japanese company the previous year.

Is SoftBank selling Alibaba : In its statement on Thursday, SoftBank said it has no plans to “buy or sell any new Alibaba shares” in the future.