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SoftBank invests $200 million in Gravis Robotics

SoftBank has made a $200 million investment in Gravis Robotics, a construction-technology startup that retrofits excavators and other heavy machinery with autonomous and semi-autonomous capabilities. Gravis says the funding reflects backing for physical AI in earth-moving equipment used on road, quarry and mining projects. The supplied summary does not state a valuation, deployment agreement, or the number of machines that will be retrofitted.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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Boeing awarded US$20-billion Navy fighter development contract

Boeing has been awarded a US$20-billion US Navy contract to develop the F/A-XX sixth-generation fighter, New Atlas reports. Boeing beat rival Northrop Grumman for the contract. The Navy needs a multirole aircraft that can operate...

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Valley National agrees to buy Bluevine for $340M

Valley National Bancorp has agreed to acquire New Jersey-based Bluevine for $340M, CTech reports. Bluevine provides digital banking and payments services to 175K small and medium-sized businesses in the US. The acquisition would ...

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Google prepares to defend £1.2B UK lawsuit over Play charges

Google is preparing to defend a £1.2B UK class action alleging excessive charges on Android apps downloaded from Google Play since 2015, the Financial Times reports. The British claim challenges Google's market power through charg...

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