Chinese Regulators Block SoftBank’s $5.4 Billion ABB Robotics Acquisition
Chinese regulators have blocked SoftBank’s proposed $5.4 billion acquisition of ABB Robotics. The decision was based on concerns that robot data could be transferred overseas and used to train artificial intelligence models.
The block adds a regulatory hurdle to a major robotics deal and highlights growing scrutiny over where industrial robot data is stored and how it is used for AI development.