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Spot, the robot made by Boston Dynamics. Photo: Henrique Casinhas/SOPA Images/LightRocket via Getty Images

Hyundai continues to make aggressive moves as it races to catch up on electric, self-driving cars and other mobility technologies.

The latest: The Korean industrial giant and its chairman agreed to buy an 80% stake in Boston Dynamics — maker of Spot, a four-legged, dog-like robot — from SoftBank.

  • Hyundai could use the robotic technology in its factories, and to continue development of its self-driving cars, drones and delivery robots, analysts told CNBC.

The big picture: It's the latest in a flurry of deals by Hyundai, which wants to transform itself into a mobility service provider.

  • At an investor day Thursday in Seoul, Hyundai updated its 2025 strategy to accelerate electrification, lay the foundation for mobility as a service, and boost its commitment to hydrogen fuel cells.
  • The detailed plan includes a new dedicated fuel cell brand, HTWO, and the rollout of Level 3 autonomous vehicles — hands-free, eyes-off-the-road under certain circumstances — by 2022.
  • The company plans to invest $55 billion by 2025 to support long-term growth.

Go deeper

Cruise hires ex-Delta Air Lines executive to lead rollout of self-driving taxis

Illustration: Sarah Grillo/Axios

Cruise is turning to a former Delta Air Lines' executive to begin the rollout of its self-driving taxi business.

Why it matters: Gil West, who retired as Delta's chief operating officer last year at age 59, will become COO at Cruise as it shifts from research and development to commercialization of autonomous vehicles. He'll report to CEO Dan Ammann.

1 hour ago - Science

COVID time warp

Illustration: Sarah Grillo/Axios

The start of the COVID-19 pandemic seems like a lifetime ago to some, and just yesterday to others. Scientists are beginning to unpack the way people processed the passage of time amidst the stress, uncertainty and isolation of the 1 year, 8 months and 21 days since WHO declared a pandemic.

Why it matters: The pandemic's global effects on how people experience time could provide new insights into the brain's ability to perceive and predict time — a fundamental feature of life.

Mitt Romney calls Ray Dalio's China investments a "sad moral lapse"

Sen. Mitt Romney walks to a Senate Republican caucus meeting at the Capitol on Oct. 7. Photo: Stefani Reynolds/Bloomberg via Getty Images

Sen. Mitt Romney (R-Utah) on Thursday criticized billionaire Ray Dalio's investments in China, writing in a tweet that "his feigned ignorance of China's horrific abuses and rationalization of complicit investments there is a sad moral lapse."

Driving the news: Romney's comments come after Dalio's firm, Bridgewater Associates, the largest hedge fund in the world, raised $1.3 billion in November for a new private fund in China, Bloomberg reports.