SoftBank in talks to buy stake in 1X at $6 billion valuation, The Information reports


FILE PHOTO: Logo of Softbank Group at its annual shareholders meeting in Tokyo, Japan, June 24, 2026. REUTERS/Kim Kyung-Hoon/File Photo

Aug 26 (Reuters) - ⁠SoftBank is in talks to buy ⁠a majority stake in OpenAI-backed ‌humanoid robot developer 1X Technologies in a deal that would value the startup at about $6 ​billion, The Information reported ⁠on Wednesday, citing ⁠people with knowledge of the deal.

Reuters could ⁠not ‌immediately confirm the report. SoftBank declined to comment. 1X ⁠did not immediately respond to a ​Reuters ‌request for comment.

The talks are ongoing, ⁠and the ​terms could change, the report said.

OpenAI and 1X discussed last year the ⁠possibility ofthe ChatGPT-maker acquiring ​1X, the report added.

OpenAI invested in 1X in 2023 through its OpenAI Startup ⁠Fund, alongside Tiger Global and a group of Norway-based investors.

The 1X deal builds on SoftBank's broader push into ​robotics, following its agreement ⁠last year to acquire Swiss engineering ​group ABB's robotics business ‌for $5.4 billion.

(Reporting by Gnaneshwar ​Rajan in Bengaluru; Editing by Subhranshu Sahu and Muralikumar Anantharaman)

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