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Hyundai buys Boston Dynamics

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Re: Hyundai buys Boston Dynamics

#181

Post by browsingonly »

SoftTalker wrote: post #143
Animats wrote: post #121

Earlier quoted context omitted.

Oh. It's Softbank exiting humanoid robotics at Softbank's discretion. That's a lot different than " Hyundai buys Boston Dynamics". Hyundai bought them years ago. This is just the last 8%.

Seems like a mistake. AI in its current form has limited usefulness for most people. Not something I would pay for to use outside of work. But a household robot that could clean, wash and fold the laundry, do the dishes, maybe even be a chauffeur... that would be huge. I think a lot of people would pay new-car money for something like that.

> AI in its current form has limited usefulness for most people.

That's not what I'm seeing. My mom always wanted Google to just answer questions, and now ChatGPT can. She uses it enough in her daily life that she bought a subscription.

Yes, she knows it hallucinates and you have to double check everything, but so far she finds a ton of use for it even with those caveats.

Now, I agree that a personal servant robot would get a ton of business. Even at new-car prices, it's still cheaper than a human caretaker/maid/butler/etc. And the maid usually doesn't also mow the lawn on a hot day, while a robot would potentially do all kinds of different things without complaint.

Re: Hyundai buys Boston Dynamics

#182

Post by Reason077 »

OtherShrezzing wrote: post #154
SoftTalker wrote: post #143

Earlier quoted context omitted.

Seems like a mistake. AI in its current form has limited usefulness for most people. Not something I would pay for to use outside of work. But a household robot that could clean, wash and fold the laundry, do the dishes, maybe even be a chauffeur... that would be huge. I think a lot of people would pay new-car money for something like that.

> robot maid that could clean, wash and fold the laundry, do the dishes, etc. would be huge. I think a lot of people would pay new-car money for something like that. Once you take maintenance of a machine with price-parity to a new car into consideration, it’s surely cost competitive to just hire a human to do all those things. The price needs to fall drastically below new-car territory before it’s competitive with m…

> ”it’s surely cost competitive to just hire a human to do all those things.”

The cost of labour varies hugely in different parts of the world. The cost of hiring someone in Switzerland is on the order of 100X more expensive compared to Bangladesh, for example.

With many countries currently in an anti-immigration political mindset and with birth rates declining globally, labour costs are likely to continue to increase in the future.

But once a technology like general-purpose humanoid robotics exists, it’s costs are only likely to decrease over time.

Re: Hyundai buys Boston Dynamics

#184

Post by r721 »

Animats wrote: post #121
giwook wrote: post #52

Back in December 2020, Hyundai purchased an 80% controlling interest in Boston Dynamics from SoftBank for $880 million, part of a transaction that valued the robotics company at $1.1 billion. That agreement included a put option allowing SoftBank to sell its remaining stake to Hyundai at a later date. SoftBank has now exercised that option.

Oh. It's Softbank exiting humanoid robotics at Softbank's discretion. That's a lot different than " Hyundai buys Boston Dynamics". Hyundai bought them years ago. This is just the last 8%.

Well, the original story title is "Hyundai takes full control of Boston Dynamics as SoftBank exits for $325 million".

Re: Hyundai buys Boston Dynamics

#185

Post by glaslong »

SoftTalker wrote: post #143
Animats wrote: post #121

Earlier quoted context omitted.

Oh. It's Softbank exiting humanoid robotics at Softbank's discretion. That's a lot different than " Hyundai buys Boston Dynamics". Hyundai bought them years ago. This is just the last 8%.

Seems like a mistake. AI in its current form has limited usefulness for most people. Not something I would pay for to use outside of work. But a household robot that could clean, wash and fold the laundry, do the dishes, maybe even be a chauffeur... that would be huge. I think a lot of people would pay new-car money for something like that.

Is there any sign beyond flashy demos that humanoid robots will be functionally feasible though (before we even get to economically feasible)?

I know there's tons of activity on humanoid teleoperation data collection, and motion model training, but it hasn't seemed to bear out much of anything.

Like.... AI would be great if I could put it into a magical semi-corporeal familiar but I'm just not seeing a path to those either.

Re: Hyundai buys Boston Dynamics

#186

Post by georgemcbay »

void-star wrote: post #165
criddell wrote: post #145

Earlier quoted context omitted.

Yesterday I read about Cursor being sold for $60bn. Cursor being worth more than 50x Boston Dynamics seems insane.

This was just ~10% of boston dynamics at that price. HN pro-tip: before commenting, read the articles not just the headlines.

> This was just ~10% of boston dynamics at that price. HN pro-tip: before commenting, read the articles not just the headlines.

I'm not sure if you're following your own advice...?

The ~10% just sold was bought for $325 million.

The total price they paid was $1.205 billion ($880 million in 2021, $325 million now).

The $1.1 billion figure in the HN headline is kind of just wrong and presumably based on what they considered to be Boston Dynamics' total valuation in 2021, but represents neither what they paid for the ~10% nor the actual total they paid over both transactions.

Re: Hyundai buys Boston Dynamics

#187

Post by carabiner »

Hugsbox wrote: post #31

I don't understand why they would implement humanoid robots instead of purpose-built robots. The human form is not the most optimal way to do most tasks, especially as it relates to manufacturing. Robots don't need to look like humans, they need to be useful . Seems like putting in an awful lot of extra unnecessary work to end up with a worse result.

Hugsbox has absolutely no idea what he's talking about, that's why he hasn't responded to anyone here.

Re: Hyundai buys Boston Dynamics

#188

Post by void-star »

NewJazz wrote: post #172
void-star wrote: post #165

Earlier quoted context omitted.

This was just ~10% of boston dynamics at that price. HN pro-tip: before commenting, read the articles not just the headlines.

Still only 3b valuation, or 20x less than Cursor.

Ack Yep my bad. Actually my bad for reading the “comment” incorrectly and being out of the loop with the cursor sale til now.

Re: Hyundai buys Boston Dynamics

#189

Post by fragmede »

thegrim33 wrote: post #162
SoftTalker wrote: post #143

Earlier quoted context omitted.

Seems like a mistake. AI in its current form has limited usefulness for most people. Not something I would pay for to use outside of work. But a household robot that could clean, wash and fold the laundry, do the dishes, maybe even be a chauffeur... that would be huge. I think a lot of people would pay new-car money for something like that.

Well, that assumes that if you just keep throwing more data and compute at large language models you'll end up with something akin to AGI to control those robots. Which is far from guaranteed.

LLMs aren't the specific architecture you'd use, but it very much looks like a tractable engineering problem to go from a university research lab project that can manage to fold clothes as a demo that needs to be played at 8x speed, to a sellable consumer product. The timeline is gonna be off, so no one knows if it's gonna take 3 years or 30, but it's not going to take an unknown breakthrough in materials science and physics the same way that nuclear fusion looks like it will require.

Re: Hyundai buys Boston Dynamics

#190

Post by csallen »

Hugsbox wrote: post #31

I don't understand why they would implement humanoid robots instead of purpose-built robots. The human form is not the most optimal way to do most tasks, especially as it relates to manufacturing. Robots don't need to look like humans, they need to be useful . Seems like putting in an awful lot of extra unnecessary work to end up with a worse result.

We have a world built for humans, designed for humans to walk around and get things done. How, exactly, would it not be useful to have a robot that looks, walks, runs, jumps, lifts, carriers, pushes, pulls, twists, bends, steers, and labors like a human? It would obviously be incredibly useful.
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