- SoftBank is negotiating to acquire a majority stake in humanoid robot developer 1X Technologies, as reported by The Information.
- The potential transaction would value the startup at approximately $6 billion, according to the report.
- 1X Technologies rose to prominence for its NEO humanoid robot, claiming over 10,000 orders.
- OpenAI, a major SoftBank investee, had considered acquiring 1X but ultimately scrapped plans.
SoftBank is reportedly negotiating to acquire a majority stake in 1X Technologies, a humanoid robotics startup valued at approximately $6 billion. This potential deal highlights the growing interest in robotics, particularly in humanoid technology.123
1X Technologies has gained significant attention for its NEO humanoid robot, which has reportedly received over 10,000 orders. The company’s innovative approach to robotics has positioned it as a key player in the industry.
Interestingly, OpenAI, a major investor in SoftBank, had previously considered acquiring 1X but ultimately decided against it. This indicates the competitive landscape surrounding humanoid robotics, as various tech giants vie for a stake in this emerging market.4
The negotiations come at a time when the demand for humanoid robots is on the rise, driven by advancements in artificial intelligence and automation. As companies like SoftBank look to expand their portfolios, investments in robotics are becoming increasingly attractive.
If the deal goes through, it could significantly impact the future of 1X Technologies and the broader robotics sector, potentially leading to further innovations and developments in humanoid robotics.
“The Information reports the potential transaction would value 1X at approximately $6 billion. OpenAI, a major SoftBank investee, had also considered acquiring 1X before scrapping those plans, while 1X claims over 10,000 orders for its NEO humanoid robot.”
