To boost its efforts in robotics, SoftBank Group is purchasing U.S.-based Boston Dynamics from Alphabet and, as part of the deal, is also buying Schaft, a Japanese bipedal robotics company. Although terms of the deal were not revealed, SoftBank shares rose as much as 7.7 percent in Tokyo trading. According to sources, Google, which had acquired Boston Dynamics in late 2013, decided to sell it when it concluded that the company wouldn’t be likely to produce a shipping product in the next few years. Continue reading Robotics: SoftBank to Buy Boston Dynamics From Alphabet

SoftBank has plans to release a line of consumer robots in Tokyo this summer. The humanoid robot, known as Pepper, stands four feet tall, rolls around on wheels and effectively engages in simple conversations with people. The company predicts that robots will one day emerge as the next mass-market technology assisting people in a wide variety of applications. Pepper, developed by French subsidiary Aldebaran Robotics, will be connected to SoftBank’s mobile network in Japan that currently has about 37 million subscribers.  Continue reading Pepper: SoftBank to Launch its Sophisticated Consumer Robot