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Benzinga
Benzinga
Business
Namrata Sen

Softbank Buys ABB Robotics In $5.4 Billion Deal To Boost AI Play

Softbank,Sign,At,Softbank,Vision,Fund,Headquarters,In,Silicon,Valley.

SoftBank Group (OTC:SFTBY)  (OTC:SFTBF) said on Wednesday it will buy the robotics division of Swiss engineering firm ABB (OTC:ABBNY) in a $5.4 billion deal, as the Japanese firm looks to boost its artificial intelligence portfolio.

ABB Robotics Poised To Boost SoftBank's AI Vision

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