AI Summary
ABB Ltd. announced that Chinese regulators have prevented SoftBank Group Corp. from acquiring its robotics division. This decision impacts SoftBank's strategy to grow its presence in the physical AI sector.
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- ABB Ltd. has confirmed that its sale of the robotics unit to SoftBank Group Corp. has been blocked by Chinese authorities.
- The blockage poses a challenge to SoftBank's plans to expand its investments in physical AI technologies.
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