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Evolution Magazine

Finance

Hyundai purchases stake in Boston Dynamics

Manufacturers of the popular internet sensations Big Dog, Atlas, and Spot, Boston Dynamics might be taken over by Hyundai which wants to extend out its plans for the creation of autonomous vehicles and smart factories. A deal worth $1.1 billion has taken place where Hyundai will now be holding 80% of the stakes.

Hyundai eventually wants to extend its plans in making humanoid robots. Ones that might be of use in healthcare facilities. For now, it would be focused on the company’s original designs.

An executive of Hyundai stated that this investment and merging of Hyundai and Boston Dynamics would speed up the process of advancements in vehicles and mobility. Their aim is also to utilize digitization in contributing to society in constructive ways.

Boston Dynamic which was previously Massachusetts Institute of Technology is known for its innovative robot concepts and it has ventured into making many of them come to being. Atlas is one of the humanoid robots from Boston Dynamics which has enhanced capacity for mobility. Spot, which became a viral sensation online with its videos calling it a robot dog, has the ability for sensing and inspecting. Handle, which like its name is rather handy for work. It helps moving boxes in a warehouse.

Hyundai and Boston Dynamics’ deal is likely to influence more creations of humanoid robots that help in the fields of security, healthcare, and other factors of society as it’s one of the many aims of Hyundai motors in taking over Boston Dynamics.

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