Hyundai Motor Group acquired huge stakes from consumer robot manufacturer Boston Dynamics for $1.1 billion. Hyundai acquired about 80 per cent stake in the company while Softbank will get around 20 per cent through affiliation. Hyundai Motor Group plans to create a chain ranging from robot component manufacturing to smart logistics solutions with Boston Dynamics.
The automotive major also has a plan to mix robotics technology with mobility to transform the experience of exposure to machines combed with artificial intelligence. Hyundai Motor Group Chairman Euisun Chung added that with this development Hyundai’s goal is to have freer and safer moves for a high living of humans. This will help Hyundai Motor Group in the process of transformation to become a smart mobility solution provider. Hyundai has focused on the development of future technologies such as autonomous driving technology, artificial intelligence (AI), connectivity, eco-friendly vehicles, smart factories, advance technological material and robots.
Boston Dynamics an American engineering and robotics design company, erstwhile oned by Google’s parent company Alphabet, was founded in 1992. The tech major has leading expertise in the development of mobile dog robots which are cable of agile fast movements.
