SoftBank in talks to acquire majority stake in robot startup 1X at $6 billion valuation

Japanese conglomerate SoftBank Group is reportedly in advanced talks to acquire a majority stake in 1X Technologies, a startup specializing in humanoid robots. The potential deal values the company at approximately $6 billion, according to a report by The Information, which cited individuals with knowledge of the transaction.

While Reuters has not independently verified the report, the move signifies SoftBank's continued interest in the artificial intelligence and robotics sectors. The company has a history of significant investments in technology, including its Vision Fund, which has backed numerous AI and robotics ventures.

1X Technologies has been gaining attention for its development of advanced humanoid robots. Details about the specific technology or products involved in the potential SoftBank acquisition were not immediately available in the report. However, the substantial valuation suggests significant progress and potential in the company's R&D efforts.

If the deal materializes, it would represent a major investment by SoftBank in the burgeoning field of robotics, particularly in the development of robots designed for human interaction and assistance. The outcome of these talks could have significant implications for the future direction of 1X Technologies and SoftBank's broader AI strategy.