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 Group and 1X ⁠did not immediately respond to Reuters ​requests ‌for comment.

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

OpenAI and 1X last year discussed 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)

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