SoftBank’s $5.4B purchase of ABB’s robotics unit is another setback for Europe, which risks losing its edge to Asian and US companies in the “physical AI” era (Chris Bryant/Bloomberg)

Chris Bryant / Bloomberg:
SoftBank's $5.4B purchase of ABB's robotics unit is another setback for Europe, which risks losing its edge to Asian and US companies in the “physical AI” era  —  Announcing the $5.4 billion acquisition of Swiss conglomerate ABB Ltd.'s robotics unit last week …