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المشهد العربي
Source: المشهد العربي
12 Hrsالمشهد العربي
Source: المشهد العربي
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Chinese regulators informed Japan’s SoftBank Group that they had rejected its $5.4 billion acquisition of ABB’s robotics unit, despite the deal having passed competition and antitrust reviews in February. The decision was based on security concerns that technical know-how and technologies developed locally could be transferred to a Japanese company, and that data from robots in operation could leak overseas and be used to train AI models. The unit is significant in China, its largest market: more than 90% of the robots intended for local customers are manufactured there, and its facilities employ around 12,700 people.
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