SoftBank shrinks robotics business, stops Pepper production
The Hindu
The pullback reflects the fading of Chief Executive Masayoshi Son's plan to make SoftBank the leader in the robotics industry, producing human-like machines that could serve customers and babysit kids.
SoftBank Group Corp is slashing jobs at its global robotics business and has stopped producing its Pepper robot, according to sources and documents reviewed by Reuters, as the conglomerate downgrades its industry ambitions. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) Production of the humanoid Pepper, touted as the first robot with "a heart", was stopped last year, according to three sources familiar with the matter and the documents. It would be costly to restart production, two of the sources said.
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