SoftBank is in talks to acquire a majority stake in 1X Technologies, an OpenAI-backed humanoid robot developer, in a deal that would value the startup at approximately $6 billion. The investment would bolster SoftBank's robotics ambitions and provide 1X with additional funding to deploy its soft-bodied robots in homes for household chores. The 12-year-old startup previously attempted to raise $1 billion at a $10 billion valuation last fall but secured less than half that amount.
Related Articles
Don't miss out on breaking stories and in-depth articles.