Topic: industrial automation
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SoftBank Expands Robotics Empire with ABB Unit Acquisition
SoftBank Group has agreed to acquire ABB's robotics division for $5.375 billion, marking a strategic expansion into "physical AI" and robotics as a core growth area, with the deal expected to close by late 2026. The ABB robotics unit, which employs 7,000 people and generated $2.3 billion in reven...
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Toyota Invests $1.5B More in Startup Funding Across All Stages
Toyota is investing $1.5 billion in startup funding to drive innovation in mobility, AI, climate technology, and industrial automation, integrating these into future projects like Woven City. The company has established Toyota Invention Partners with $670 million to support early-stage Japanese s...
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10 Teams Advance in Milken-Motsepe AI Manufacturing Prize
Ten companies have each received $50,000 in funding as semifinalists in the Milken-Motsepe Prize, which aims to boost AI adoption in Africa's manufacturing sector to potentially add $3 trillion to the economy. The semifinalists will compete for a share of a $2 million prize pool, with a $1 millio...
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Nvidia Advances Humanoid Robotics with Cloud Power
Nvidia introduced advanced cloud-powered tools like Isaac GR00T to accelerate humanoid robotics development, featuring synthetic motion data generation and Blackwell-powered systems. Leading robotics firms are using Nvidia’s platform to refine designs, with synthetic data tools like GR00T-Dreams ...
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