LG Electronics Acquires US-Based AI-Powered Robotics Startup Bear Robotics for $600 Million

LG Electronics has acquired a majority stake in Bear Robotics, a US-based AI-powered robotics startup, for a valuation of approximately $600 million. This strategic move is part of LG's efforts to expand its robotics portfolio, enhancing its capabilities in the technology sector. The acquisition was first reported by TechCrunch and has since been confirmed by other sources, including Appliance Retailer and CEPRO.