Boston Dynamics, Hyundai to fund new AI Institute with $400M in Cambridge

Waltham robot-dog maker Boston Dynamics Inc. and its relatively new owner, Hyundai Motor Group, plan to invest over $400 million in a Kendall Square institute focusing on robotics, artificial intelligence and intelligent machines research.

The South Korean auto maker said on Friday that Marc Raibert, founder of Boston Dynamics, will lead the organization. The name of the institute, which may be changed at the time of corporate registration, is currently Boston Dynamics AI Institute.

Source: Boston Dynamics, Hyundai to fund new AI Institute with $400M in Cambridge – Boston Business Journal