Shares of the Japan based firm – Softbank – have hiked to their highest in almost twenty years after the company acquired the robot-maker Boston Dynamics. The Japanese firm bought the robot maker from Alphabet, also the parent company of the search giant ‘Google.’ The Japan based company announced that it is purchasing robotics group Schaft.
Boston Dynamics for up for sale more than a year ago, here’s why
Boston Dynamics, which is popular for its robots such as BigDog and Atlas, has struggled to commercialize its inventions and hence, was put up for sale more than a year ago. Recently, the Japan-based Softbank announced that is acquiring robotics group Schaft as well. The terms of the deals – both the Boston Dynamics acquisition deal and Schaft acquisition deal – were not revealed.
The shares of the Japan-based company hiked up by more than 7% in Tokyo. The firm, which started as a Japanese telecoms company, had moved into robotics and developed the human-like Pepper in 2014. Since then, Masayoshi Son, the founder of the company, has built the Japanese firm into a massive technology conglomerate through some major and important deals. The deals range from investing $1bn in satellite startup OneWeb to purchasing UK chip firm ARM Holdings for £24bn ($32bn) to setting up a venture fund with Saudi Arabia.
The founder of the Japanese company is popular for keeping an eye for potentially transformative trends and industries. Mr. Son was an early investor in Alibaba and he saw the potential in e-commerce like many other tech experts did.
SoftBank investing in Quantum Computing
The $100 billion Vision Fund of SoftBank Group Corporation is now scouting for possible investments in the new area – Quantum Computing. Quantum computing is an experimental science that is being researched by companies like IBM and the search giant Google to succeed in the current computer processor technology.
The Japanese-based company wanted to find and back the company whose quantum computing software or hardware, which runs atop it, would become “the de facto industry standard,” said Shu Nyatta on Thursday while speaking during a panel discussion at a conference on quantum computing in Munich.
Nyatta, who helps invest money for the fund, added that they are happy to “invest enough to create that standard around which the whole industry can coalesce. We are happy to do it alone and at massive size to facilitate the future.”