SoftBank to buy ABB robotics unit for $5.4 billion as it boosts its AI play

TL;DR


Summary:
- SoftBank, a Japanese technology company, is buying the robotics division of ABB, a Swiss engineering company, for $5.4 billion.
- This acquisition is part of SoftBank's push to expand its artificial intelligence (AI) capabilities and integrate AI into its robotics products.
- The deal will allow SoftBank to combine its AI expertise with ABB's robotics technology, creating more advanced and intelligent robots for various industries.

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