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Hyundai Takes Full Control of Boston Dynamics As SoftBank Exits For $325 Million

2 weeks 4 days ago
Hyundai Motor Group is acquiring SoftBank's remaining 9.65% stake in Boston Dynamics for $325 million, "closing out SoftBank's last piece of Boston Dynamics and turning the Waltham, Massachusetts robotics company into a wholly owned Hyundai business," reports Startup Fortune. From the report: The price is $325 million for the remaining stake, according to the deal terms, and it follows the put option SoftBank retained when Hyundai bought control of Boston Dynamics in 2021. You should read that as a signal, not a footnote. Hyundai paid about $880 million for an 80% stake in Boston Dynamics in the 2021 transaction, valuing the company at roughly $1.1 billion at the time. SoftBank had bought Boston Dynamics from Alphabet in 2017, after Google had acquired the robotics lab in 2013. It was a strange ownership path for a company whose robots became famous on YouTube long before they became obvious commercial products. That part is changing. At CES in Las Vegas on January 5, 2026, Hyundai and Boston Dynamics showed the electric Atlas humanoid robot in public, with the Associated Press reporting that the life-sized robot stood up, walked around the stage and was remotely piloted for the demonstration. The useful detail was not the stagecraft. It was the deployment plan. A production version of Atlas is expected to begin work at Hyundai's electric vehicle plant near Savannah, Georgia, by 2028. [...] If Hyundai can turn that into repeatable manufacturing value, the SoftBank exit will look less like a tidy cleanup and more like the moment Hyundai stopped borrowing a robotics future and decided to own it outright.

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Canada Missed Chances To Inspect OceanGate's Titan Before Fatal Implosion

2 weeks 4 days ago
An anonymous reader quotes a report from Wired: A report from Canada's Transportation Safety Board has highlighted regulatory failures that allowed OceanGate's unregistered, unflagged, and uncertified Titan submersible to operate out St. John's, Newfoundland, for years before it imploded on a tourist trip to the wreck of the Titanic in 2023. "When it came to the Titan, critical information existed across multiple federal government organizations, but no one was responsible for connecting the dots," says TBS chair Yoan Marier in a statement. "Without a complete picture of the operation, the Titan continued to operate in Canada without regulatory oversight." [...] As OceanGate continued to operate from St. John's in 2021 and 2022, the Titan made successful dives to the Titanic and several sites within Canadian waters. The company eventually interacted with a total of 10 Canadian federal agencies, including Parks Canada, the Department of National Defense, and the Royal Canadian Mounted Police. But the company's operations were never directly reported to the team responsible for marine safety. "In terms of the actual people that were responsible for marine oversight, their focus was on the Canadian support vessel," says TSB investigator Jason Melvin. While TSB investigators did not have access to the wreckage of the Titan itself, which remains with the US Coast Guard, they did analyze portions of the carbon fiber left over from its manufacture. They calculated that a hull made to OceanGate's exact specifications might have been able to make hundreds of millions of dives to Titanic depths before failing. However, the composite samples as built had porosity and waviness between layers and were ground down in a way that might have introduced defects. When the TSB tested the compressive strength of the carbon fiber, it indicated the material could fail in as few as 30 deep dives. [...] The TSB is recommending increased oversight of the riskiest vessels and improvements in information sharing between departments, and is requiring that all human-occupied submersibles be subject to international construction and safety standards.

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