AI & Enterprise
SoftBank seeks to acquire majority stake in OpenAI-backed robot maker 1X Technologies
SoftBank is discussing a plan to acquire a majority stake in humanoid robot developer 1X Technologies, which has received investment from OpenAI, The Information reported on Aug. 26. The talks are proceeding on the basis of a $6 billion valuation, it said. Negotiations are ongoing and terms may change. 1X previously sought $1 billion at a $10 billion valuation but raised less than half.