Softbank-Backed CloudMinds Is Seeking a $500 Million IPO for Cloud Robotics Technology

Are you afraid of a dystopian future in which robots overtake humans? Well, CloudMinds probably won't make you feel any better. CloudMinds is a Beijing-based company that wants to give robots a "cloud brain" and a "nerve network" to make them smarter and capable of working together.

To help fund the next leg of its growth plan, CloudMinds is looking to raise $500 million in an initial public offering this year. Should investors pay attention to this upcoming IPO?

Image source: Getty Images.

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Source Fool.com