Hyundai willinvest more than $400 million in the institute that will conduct artificial intelligence and robotics research, which will be led by Boston Dynamics ‘ founder Marc Raibert. According to the company’s statement, the center, called the Boston Dynamics AI Institute, will be located at the Kendall Square research center in Massachusetts, USA. Hyundai began hiring researchers and engineers. Raibert, who has taught at schools such as the Massachusetts Institute of Technology (MIT) in the past, said the Institute’s goal is to create advanced robots and intelligent machines.
Hyundai is frequently on the agenda with its investments. Earlier this month, it was learned that Hyundai Motor plans to completely acquire the autonomous driving startup 42dot. It was stated that Hyundai, which has a 20.4% stake in the South Korea-based venture, started negotiations in June. It was noted that the terms of the agreement are in the evaluation stage. This news comes 9 months after 42dot received an investment of approximately $435 million. Started in 2019 by former Apple, Microsoft and Naver alum Song, the company produces self-driving software and hardware.
Hyundai announced last month that it will invest $16 billion in electric vehicles by 2030. It is known that the company, which aims to sell 1.87 million vehicles annually, aims to achieve a 7 percent share in the global electric vehicle market. This acquisition plan is said to be part of his work on electric vehicles.
In December of 2020, Hyundai Motor acquired Boston Dynamics for approximately $1 billion . This was an important step for Hyundai. Hyundai Motor, which acquired Boston Dynamics in June of last year, introduced the new “Metamobility” concept at CES 2022 . Hyundai Motor’s presentation stood out with the theme of “Expanding Human Reach”, which we can translate as expanding human reach. In this presentation, the company shared its visionary views on the mobility of the future. In August 2021, Boston Dynamics, the robotics technologies startup that had great success with its Spot and Atlas robots, has released a new video for the Atlas robot .
The company, whose foundations were laid at the Massachusetts Institute of Technology, left the university in 1992. It was acquired by Google’s parent company Alphabet in 2014. It was sold to SoftBank three years later.