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SoftBank Eyes Majority Stake in OpenAI-Backed Humanoid Robot Maker

Guavy AI Editorial Team
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SoftBank is in talks to acquire a majority stake in OpenAI-backed humanoid robot developer 1X Technologies at an estimated $6 billion valuation. This comes after SoftBank agreed to buy ABB's robotics business for $5.4 billion, which is expected to close by 2026.

The deal would bring 1X under the umbrella of a Japanese investment group that has committed tens of billions of dollars to AI companies and infrastructure while increasing its exposure to OpenAI.

OpenAI invested in 1X in 2023 through its startup fund, which led a $23.5 million Series A2 round alongside Tiger Global and Norwegian investors.

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