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Hyundai acquires controlling stake in Boston Dynamics for $880M

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Re: Hyundai acquires controlling stake in Boston Dynamics for $880M

#81

Earlier quoted context omitted.

Assess the DARPA funding as a portfolio.

“DARPA Awards Moderna Therapeutics a Grant for up to $25 Million to Develop Messenger RNA Therapeutics” (2013) https://investors.modernatx.com/news-releases/news-release-d...

Oh this one deeply paid off. Great find.

Re: Hyundai acquires controlling stake in Boston Dynamics for $880M

#83
post #39
post #36

Earlier quoted context omitted.

Robots already build cars, and supply of new cars is often out-stripped by demand. It's not really new ground. The limitations in car production are always the component supply chain, not the actual manufacture.

Google image search "car factory" and it's super obviously it's quite labour intensive. I'm not sure why an investment in robots has to be "new ground".

The Google Image search isn't reflective of an actual car factory.. There are of course hundreds of workers there but final assembly facilities produce something like 1 car/minute. They're heavily reliant on robots - most of the parts move around the floor on autonomous transports, the stamping is all robotic, all of the frame welding is robotic, paint is of course robotic.

GM is of course tied in with the UAW, so they're going to be as favorable to labor as possible in their promo videos, but take a look at this video of one of their production facilities, this is reflective of the amount of manual input into modern automotive production:

https://www.youtube.com/watch?v=-Ow7gmZTIpo

Re: Hyundai acquires controlling stake in Boston Dynamics for $880M

#84
post #79
post #28

Earlier quoted context omitted.

Robots that build cars seem most likely? Not sure how many staff your average car factory has, but due to sheer product complexity it's still more than other industries like food manufacturing. Maybe we'll see vast car factories, churning out thousands of cars per day, with only a half dozen staff in years to come?

In a factory setting I would have thought existing robots would suffice. Looking at the wider group, I would think there's lots of roles for robotics in construction. Delivery of heavy items across uneven terrain or up stairs - may be something like a robotic hod carrier.

They are pretty great at welding and painting, they not as good at attaching bumpers or trunk lids, and terrible at running wire looms through doors or installing headliners.

Also from my last visit at an assembly plant ~5 years ago, most plants are still on large conveyors vs. driving individual vehicles around the plant, and materials handling is still in the 90's with little stripe-following tugs slowly moving about the place.

Re: Hyundai acquires controlling stake in Boston Dynamics for $880M

#85
post #58
post #18

Earlier quoted context omitted.

We just sold South Korea a bunch of actual weapons so I don’t think these could-be weapons are going to attract too much controversy. And if you think there’s some actual weaponry among the could-be weapons technology, well... Take a look around the neighborhood. Maybe that’s the point? (I don’t think this is true; I am of the belief that the hidden secret within most companies, regardless of size or industry, is tha…

Sell a man a fish, he'll come back hungry tomorrow. Teach him how to fish, you just lost a customer. edit: Karl Marx came up with it first it seems haha. I swear I didn't know!

I prefer the darker version. Give a man a fire and he’ll be warm for a night. Set a man on fire and he’ll be warm for the rest of his life.

Re: Hyundai acquires controlling stake in Boston Dynamics for $880M

#86

These are one of the few times I can say that I don't care if Boston Dynamics are making money as yet. Boston Dynamics are one of the few real serious players in the robotics space worldwide doing deep R&D. Hyundai are basically paying for the BD Labs research. And they are well positioned to reap the products and techniques from the lab with their own manufacturing and engineering prowess and experience over the nex…

I imagine Hyundai Motors has loose informal connections and regular collaborative efforts with other former Hyundai Group companies, including Hyundai Heavy Industries and Hyundai Robotics, so hopefully there'll be some smooth expertise sharing there. https://en.wikipedia.org/wiki/Hyundai_Group https://en.wikipedia.org/wiki/Hyundai_Heavy_Industries https://www.hyundai-robotics.com/english/

Hyundai is one of South Korea's market-dominating cartels, the chaebol: https://en.wikipedia.org/wiki/Chaebol

"regular collaborative efforts" is an understatement.

Re: Hyundai acquires controlling stake in Boston Dynamics for $880M

#87

Earlier quoted context omitted.

Unitree's Go1 is currently $2.7K. I commented on the HN thread below that if walking robots have any use/future - A company like Unitree could become the DJI of the industry and make Boston Dynamics even more of a niche player than it already is. https://news.ycombinator.com/item?id=27569631

As someone who has worked with both Unitree and Boston Dynamics I can tell you there is a marked difference in the ability for Boston dynamic's ability to walk vs Unitree's. The ANYMal is closer to Boston Dynamic's capabilities but also at a similar price point. That being said what Unitree is lacking is good software so theres a chance that they may be able to incrementally catch up while maintaining a relatively lo…

You can see this in the Unitree videos, nearly everything is on a flat plane and while it was a video from 2019 it seemed to struggle climbing stairs a bit.

Re: Hyundai acquires controlling stake in Boston Dynamics for $880M

#88

What's the difference between a "controlling stake" and just owning the company?

A controlling stake means you own enough shares to have full voting control (i.e., you control the board votes, can appoint the executives and set the company direction) without having to pay for 100% of the shares.

There are a few reasons to only acquire a controlling stake rather than 100% of the shares; you might want to preserve capital for other uses, or leave some shares to be traded on public markets so the stock still has a market valuation.

Re: Hyundai acquires controlling stake in Boston Dynamics for $880M

#89

What's the difference between a "controlling stake" and just owning the company?

A controlling stake doesn't have to own the majority of the company, just the majority of voting shares. It gives you meaningful influence over the board and executives but does not entitle you to all (or even a majority of) of any profit.

Re: Hyundai acquires controlling stake in Boston Dynamics for $880M

#90

Good move. I think the next step of mobility is a mobile robot. The cars of the future should be a central hub for move people between places, but able to do a lot more through physical manipulation, instead of becoming a enlarged mobile information terminal. Thus, developing cars as robots are going to be more useful in that future. I personally will invest time in building products that are mobility robots, not car…

Riding a robot horse could be fun! Such a thing would likely have an easier time navigating complicated terrain than any vehicle with wheels.

4 pods shelled tank in ghost in the shell! The most impressive design I know of from any entertainment piece.
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