China blocks SoftBank's $5.4 billion purchase of ABB Robotics over robot data concerns
· Source: The Robot Report
China's foreign investment security review office has prohibited SoftBank Group's $5.375 billion acquisition of ABB Robotics in the country, reportedly over fears that robot data could be sent abroad to train AI models. ABB confirmed the decision and says both companies are still in talks on the deal. China is a key market for ABB, which builds most robots for Chinese customers in Shanghai.
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