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robotics/news//South China Morning Post
The decision is the first major move under ABB CEO Morten Wierod.
ABB is partnering with SoftBank to address profitability and sales declines in its robotics division.
KEY POINTS
This collaboration is CEO Morten Wierod's first major strategic move since taking charge last year.
ABB and SoftBank intend to combine robotics technology with advanced AI and next-generation computing.
Both companies see the partnership as crucial for shaping the emerging era of AI-based robotics.
The decision is the first major move under ABB CEO Morten Wierod, who took charge last year, and comes after the robotics business has struggled with falling profitability and sales in recent years.
“ABB and SoftBank share the same perspective that the world is entering a new era of AI-based robotics and believe that the division and SoftBank’s robotics offering can best shape this era together,” said Wierod in a statement.
“ABB Robotics will benefit from the combination of its leading technology and deep industry expertise with SoftBank’s state-of-the-art capabilities in AI, robotics and next-generation computing,” he added.