SoftBank to List New AI-Robotics Powerhouse in the U.S.
SoftBank Group is preparing to take its new AI-robotics venture, 'Project Apollo', public on a U.S. exchange, aiming for a valuation of $20 billion to $30 billion. The company plans to merge generative AI capabilities with physical automation to create an 'intelligent' industrial workforce.
SoftBank Group is finalizing plans to list its new AI-robotics venture, 'Project Apollo', on a U.S. exchange, likely NASDAQ. The company aims to merge generative AI capabilities with physical automation to create an 'intelligent' industrial workforce. 'Project Apollo' will leverage Large Language Models developed by SoftBank-backed startups and integrate them into high-performance robotic hardware. The goal is to solve the 'last mile' problem in logistics and manufacturing by deploying robots that can perceive, learn, and adapt to changing environments. SoftBank is seeking a valuation of $20 billion to $30 billion and plans to use the listing to gain access to institutional investors. The company will reportedly be seeded with assets and patents from across the SoftBank ecosystem.
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