SoftBank Group To Acquire Majority Stake In 1X Technologies For $6 Billion

SoftBank Group is in talks to acquire a majority stake in Norwegian humanoid robotics startup 1X Technologies at a valuation of roughly $6 billion, The Information reported. The deal would deepen SoftBank CEO Masayoshi Son’s push into “Physical AI,” expanding its robotics strategy beyond industrial automation and into consumer-facing robots such as 1X’s NEO.

VALUATION: $6,000,000,000

HQ: Tokyo, Japan

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