• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
NewslettersFortune Tech

SoftBank will acquire ABB’s robotics business

Andrew Nusca
By
Andrew Nusca
Andrew Nusca
Editorial Director, Brainstorm and author of Fortune Tech
Down Arrow Button Icon
Andrew Nusca
By
Andrew Nusca
Andrew Nusca
Editorial Director, Brainstorm and author of Fortune Tech
Down Arrow Button Icon
October 9, 2025, 6:11 AM ET
A robot arm from ABB on display at Automatica 2023 in Munich. (Photo: Sven Hoppe/dpa/Getty Images)
A robot arm from ABB on display at Automatica 2023 in Munich. Sven Hoppe/dpa/Getty Images

Good morning. In honor of spooky season, five things that frighten me right now:

1. TikTok’s engagement tentacles
2. Blake Snell’s curveball (Go Phils)
3. Sora’s cultural biases
4. The state of the First Amendment
5. Humanoid robot hands

What’s on your list? Reply to this email and LMK.

Today’s tech news below. —Andrew Nusca

Want to send thoughts or suggestions to Fortune Tech? Drop a line here.

SoftBank will acquire ABB's robotics business

A robot arm from ABB on display at Automatica 2023 in Munich. (Photo: Sven Hoppe/dpa/Getty Images)
A robot arm from ABB on display at Automatica 2023 in Munich.
Sven Hoppe/dpa/Getty Images

They say physical AI is the wave that will succeed agentic AI, and Masa Son isn’t one to dwell on the past.

His Japanese conglomerate SoftBank, on an acquisition spree for all things hardware and AI, said this week that it would buy the robotics business of the Swiss engineering group ABB for a hefty $5.4 billion.

It’s not SoftBank’s first foray into robotics. Pepper, the company’s adorable “robot for the people,” arrived in 2014 with the promise of reading human emotions. But as a commercial enterprise, it didn’t stick.

Buying ABB’s robotics unit—focused on industrial automation—is quite a different way into the category. (A deal also spares ABB from spinning it out.) Think factories, not families: Picking and packing, cutting and assembling, painting and palletizing, etc.

About 7,000 employees (and annual revenues of $2.3 billion) come with the transaction, which would close in the second half of next year. And, of course, a whole lotta ‘bots. —AN

Verizon taps AST SpaceMobile for satellite-to-phone service

We finally have an answer to the question, “Who will take on Elon Musk’s Starlink?”

Verizon said Wednesday that it would partner with Texas’ AST SpaceMobile to provide direct-to-cellular service for its customers starting next year. 

The idea: Keep Verizon customers connected in cellular dead zones by using AST’s orbiting satellites instead.

It’s not the first time the two companies have come to the negotiation table. 

The pair last year announced a partnership wherein Verizon would invest $100 million in the satellite firm and give it access to a portion of its radio spectrum to enable satellite-to-phone services.

This latest news commercializes the arrangement.

There’s much upside to catching up to SpaceX’s Starlink. Quite a few entities—militaries, industrial and agricultural corporations, consumers in emerging markets, etc.—require connectivity in places where terrestrial infrastructure doesn’t currently reach. 

Verizon isn’t the only large organization in the mix. Amazon’s Project Kuiper is the highest profile Starlink rival, but competition can be found from France’s Eutelsat, Canada’s Telesat, and China’s Qianfan, a.k.a. SpaceSail. —AN

Discord breach affects 70,000 users

Discord, the company behind the popular communication service of the same name, said last week that one of its customer service vendors was compromised.

Caught in the middle: The personal information for about 70,000 Discord users who communicated with customer support teams during the period in question.

The users “may have had government-ID photos exposed, which our vendor used to review age-related appeals,” the company said. “No messages or activities were accessed beyond what users may have discussed with Customer Support or Trust & Safety agents.”

Discord says it’s still investigating the issue with law enforcement and has emailed affected users. 

As of yesterday, the situation has yet to be resolved. Discord spokesperson Nu Wexler told The Verge that “incorrect” figures regarding the amount of data stolen are circulating “as part of an attempt to extort a payment.”

“We will not reward those responsible for their illegal actions,” he added. —AN

More tech

—When isn’t screen time? 68% of U.S. parents say their age-12-or-under kids use a tablet, per Pew.

—Google Pixel 10 Pro Fold reviewed: Beautiful, intelligent, but a lightweight in the all-important camera department. 

—Musk settles Twitter execs lawsuit. Closure from 2024’s withheld severance situation.

—Germany investigates Temu over concerns about price fixing.

—NYC sues Meta, Alphabet, Snap, ByteDance. Addicting children + mental health crisis = gross negligence, the city claims.

—Paramount Skydance may join Warner Bros. Discovery bid. A potential $60 billion deal.

—AstraZeneca does AI drug deal. OK, not that kind: SF’s Algen will help the pharma giant use gene-editing to develop new drugs.

This is the web version of Fortune Tech, a daily newsletter breaking down the biggest players and stories shaping the future. Sign up to get it delivered free to your inbox.
About the Author
Andrew Nusca
By Andrew NuscaEditorial Director, Brainstorm and author of Fortune Tech
Instagram iconLinkedIn iconTwitter icon

Andrew Nusca is the editorial director of Brainstorm, Fortune's innovation-obsessed community and event series. He also authors Fortune Tech, Fortune’s flagship tech newsletter.

See full bioRight Arrow Button Icon

Latest in Newsletters

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

Latest in Newsletters

NewslettersCIO Intelligence
Nestlé’s CIO says the value of the food giant’s AI investments goes well beyond efficiency
By John KellJanuary 7, 2026
12 hours ago
NewslettersMPW Daily
Investors are pouring money into Elon Musk’s xAI, but its Grok ‘undressing’ controversy is shutting women out
By Emma HinchliffeJanuary 7, 2026
12 hours ago
Hands and notebook, numerical indicators and cash dollar bills -Economics chart
NewslettersCFO Daily
What CFO pay packages reveal about long-term strategy
By Sheryl EstradaJanuary 7, 2026
16 hours ago
NewslettersTerm Sheet
Crystal Ball: Where venture capital and private equity are headed in 2026
By Allie GarfinkleJanuary 7, 2026
17 hours ago
NewslettersCEO Daily
What CEOs need to know about the new ‘Donroe’ doctrine
By Diane BradyJanuary 7, 2026
18 hours ago
Meta CEO Mark Zuckerberg in Menlo Park, California on Sept. 17, 2025. (Photo: David Paul Morris/Bloomberg/Getty Images)
NewslettersFortune Tech
Meta delays Ray-Ban Display global rollout
By Andrew NuscaJanuary 7, 2026
19 hours ago

Most Popular

placeholder alt text
Law
Amazon is cutting checks to millions of customers as part of a $2.5 billion FTC settlement. Here's who qualifies and how to get paid
By Sydney LakeJanuary 6, 2026
1 day ago
placeholder alt text
Economy
Mark Cuban on the $38 trillion national debt and the absurdity of U.S. healthcare: we wouldn't pay for potato chips like this
By Nick LichtenbergJanuary 6, 2026
2 days ago
placeholder alt text
Personal Finance
Janet Yellen warns the $38 trillion national debt is testing a red line economists have feared for decades
By Eva RoytburgJanuary 5, 2026
2 days ago
placeholder alt text
Future of Work
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
By Jake AngeloJanuary 6, 2026
1 day ago
placeholder alt text
Success
The college-to-office path is dead: CEO of the world’s biggest recruiter says Gen Z grads need to consider trade and hospitality jobs that don't even require degrees
By Orianna Rosa RoyleJanuary 6, 2026
2 days ago
placeholder alt text
Personal Finance
Current price of silver as of Tuesday, January 6, 2026
By Joseph HostetlerJanuary 6, 2026
2 days ago

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.