Hyundai buys firm behind robotic canine Spot for 761 million euros

South Korean carmaker Hyundai buys Boston Dynamics, a robotic maker greatest recognized for its robotic canine Spot, studies The Korea Financial Each day. In keeping with the newspaper, the deal is price slightly below 1 trillion received (greater than 758 million euros).

The American robotics firm can be the maker of Atlas, a humanoid robotic that may usually be present in firm promotional supplies.

Boston Dynamics was based in 1992 as a spin-off from the distinguished Massachusetts Institute of Know-how (MIT) and acquired funding from DARPA, the analysis and growth division of the USA Division of Protection, amongst others.

Hyundai is the third proprietor of the corporate. In 2013, Boston Dynamics got here into the palms of Google proprietor Alphabet. 4 years later, it introduced that it had offered the corporate to the Japanese conglomerate SoftBank.

The sale to Hyundai might be ratified at a board assembly on Thursday, mentioned The Korea Financial Each day based mostly on insiders.

In October, Hyundai introduced that Chung Eui-sun was the baton from his father takes over as CEO of the corporate. Chung has mentioned he needs to give attention to autonomous driving, electrical transport, robotics and flying vehicles with Hyundai.

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