Individuals with insider knowledge of the situation have revealed that SoftBank Group is engaged in discussions aimed at acquiring a majority share in 1X Technologies, a developer of humanoid robots, with the company's valuation estimated at around $6 billion. Having already benefited from investment backing by OpenAI, 1X Technologies stands to gain significantly from this potential transaction. Should the deal be finalized, it would not only facilitate SoftBank in accelerating its strategic expansion into the robotics sector but also provide 1X Technologies with additional financial resources. These funds would be instrumental in propelling their soft-bodied humanoid robots into mainstream adoption, enabling them to perform everyday household tasks.
