Liam Tung
| June 22, 2021 — 11:00 GMT (12:00 BST)
| Topic: Innovation
Korean car-maker Hyundai has now acquired a controlling interest in Boston Dynamics, the US-based maker of robotic dogs and other humanoid robots once owned by Google parent Alphabet.
According to a recent Bloomberg report, Alphabet sold Boston Dynamics to SoftBank in 2017 for about $165 million, but it was costing it $150 million annually in operation costs, and by late 2020 was in talks to sell the business to Hyundai.
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Liam Tung
| June 22, 2021 — 11:00 GMT (12:00 BST)
| Topic: Innovation