Tech investment giant SoftBank Group said Wednesday it will buy Swiss-Swedish firm ABB Robotics for nearly $5.4 billion as part of its plans to bring artificial intelligence into the physical realm.

ABB Robotics specialises in industrial robots, such as large robotic arms that can make precise movements in factories.

Japan's SoftBank -- a major investor in ChatGPT creator OpenAI -- said the acquisition was part of its AI-focused business strategy.

"SoftBank's next frontier is Physical AI," SoftBank CEO Masayoshi Son said in a statement.

"We will unite world-class technology and talent under our shared vision to fuse Artificial Super Intelligence and robotics -- driving a groundbreaking evolution that will propel humanity forward."

ABB Group issued a separate statement to announce the

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