Spot the robot dog's owner, Boston Dynamics, officially sold to Hyundai
Hyundai Motor Group bought a controlling stake in the robotics company for a cool $1.1 billion.
It all started with Gran Turismo. From those early PlayStation days, Sean was drawn to anything with four wheels. Prior to joining the Roadshow team, he was a freelance contributor for Motor Authority, The Car Connection and Green Car Reports. As for what's in the garage, Sean owns a 2016 Chevrolet SS, and yes, it has Holden badges.
Spot the friendly robot dog has a new owner. Well, the company that makes this computer-controlled pooch does. On Monday, SoftBank announced Hyundai Motor Group officially took a controlling stake in Boston Dynamics, which tinkers with robots like Spot. Hyundai and SoftBank first revealed the deal last year, but as of today, Hyundai now owns a controlling stake -- at least 80% of the firm.
The companies didn't provide any additional details surrounding the deal, but we know Hyundai plopped down $1.1 billion to make this sale happen. As for what Boston Dynamics' new owner wants from the company, that's also totally unclear. The best we can assume is that Hyundai's pretty interested in robots. The automaker previously announced a new division dedicated to creating "walking cars" and other robots, so it could be the company's keen to have Boston Dynamics on its team as it pursues that. I can see it now: "Every new Hyundai walking car comes with your very own robot dog!"
That's probably not the case, but still, it's a massive acquisition for the Korean automaker and we're mighty curious to see what Hyundai plans to do with this robotics firm. If anything, the company could help Hyundai design new robots for manufacturing and logistics. That's not as fun, but could be highly valuable nonetheless.
Meet Boston Dynamics' weird and wonderful robot family