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Asharq Al-Awsat

Technology

Asharq Al-Awsat

Japan Fashion Magnate Maezawa Buys ‘Affectionate’ Robot Venture

Japan Yusaku Maezawa SoftBank SoftBank Group Corp

Groove X's Lovot robots are displayed at their demonstration during the launch event in Tokyo, Japan, December 18, 2018. (Reuters)

Japanese fashion magnate Yusaku Maezawa is buying robotics startup Groove X, which makes an "affectionate" companion robot, saying on Tuesday he was drawn by its ability to "make people feel happy".

A fund owned by Maezawa has taken a majority stake in the startup, founded by an alumni of SoftBank Group Corp's robotics business, and will move to full ownership in April, Groove X said, without providing further detail.

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