Intel’s self-driving company Mobileye files for an IPO

  • 📰 verge
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 67%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The Intel-owned Mobileye is going public.

. Mobileye’s SEC filing indicates steady revenue growth over the past few years, jumping from $879 million in 2019 to $967 million in 2020, and topping out at $1.4 billion in 2021. The filing doesn’t provide any information on how much a share could cost., which serves as the “brain” for Mobileye’s driver-assist and self-driving technology.

Mobileye also uses a data crowdsourcing program — called Road Experience Management — to build out a 3D map using real-time data from vehicles equipped with Mobileye’s technology. The companyWhile Mobileye has supplied its technology to companies like BMW, Nissan, Volkswagen, and other major car companies, it’s also taking a stab at creating its own fleet of autonomous vehicles for delivery and ride-hailing services.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 94. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Intel-owned autonomous driving tech company Mobileye files for an IPO | EngadgetIntel previously said that it's using some of the funds it earns from the IPO to build new chip factories..
Source: engadget - 🏆 276. / 63 Read more »