Gravis Robotics CEO on Softbank Backing, Construction

SoftBank has made a $200 million investment in Gravis Robotics, a construction technology startup specializing in retrofitting existing excavators and heavy machinery with autonomous and semi-autonomous capabilities. Ryan Luke Johns, CEO and Co-Founder of Gravis Robotics, explained that the funding reflects SoftBank's strong confidence in the physical AI space, particularly in automating earth-moving equipment critical to infrastructure projects such as roads, quarries, and mines. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)