Japanese investing conglomerate SoftBank Group is buying a robotics company as the financial behemoth says physical AI is its next frontier.
SoftBank announced on Wednesday that it has acquired Zurich, Switzerland-based ABB Group’s robotics business unit for more than five billion dollars. The deal is subject to regulatory approval; SoftBank predicts the deal will close in mid-to-late twenty twenty six. Sami Atiya, the head of the division, will exit the company once the acquisition is complete.
Square has launched new features for merchants, including AI-powered voice ordering for restaurants, enhancements to its AI assistants, such as providing local insights and an integrated Bitcoin solution to accept and hold the digital currency.
Learn more about your ad choices. Visit podcastchoices.com/adchoices
TechCrunch Industry News