SoftBank reportedly in talks to buy stake in 1X at $6B valuation
Covered by 2 sources · 2 articles
SoftBank is negotiating to acquire a majority stake in 1X Technologies, an AI robotics company backed by OpenAI, in a transaction that would reportedly value the startup at approximately $6 billion. The deal, if completed, would represent a significant capital injection into the humanoid robot sector at a time when several AI labs are exploring embodied AI applications. 1X has drawn backing from major tech investors, positioning it as one of the more ambitious efforts in robotics.
- SoftBank pursuing majority ownership of OpenAI-backed robotics firm 1X at a reported $6B valuation
- Deal underscores continued investor appetite for humanoid robotics and embodied AI development
- Talks remain ongoing with no confirmation of completion
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SoftBank eyes majority stake in OpenAI-backed 1X at $6 billion valuation
SoftBank has entered talks to acquire a majority stake in OpenAI-backed humanoid robot developer 1X Technologies in a deal that could value the startup at about $6 billion. The Information reported on Aug. 26, citing people familiar with th…
SoftBank reportedly in talks to buy stake in 1X at $6B valuation