Intel-owned Mobileye's CEO says the company is 'all-in on the global robo-taxi opportunity'

CEO Amnon Shashua published an op-ed on Tuesday in which he laid out the Intel-owned company's strategy for self-driving vehicles.

But Israel-based Mobileye has been at it for a decade longer. Founded in 1999, the company was acquired by Intel in 2017 for just over $15 billion. At the moment, as Shashua points out, self-driving is about three distinct systems: driver-assist features; autonomous robo-taxis; and self-driving technology in individual cars. For Waymo, General Motors-owned Cruise, and increasingly, Tesla, the robo-taxi approach is shaping up to be the quickest means to bring autonomy to market.

"Our hands-on approach with as much of the process as possible enables us to maximize learnings from the robotaxi phase and be ready with the right solutions for automakers when the time is right for ... production passenger cars."

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Russell Simmons’ All Def Digital Lays Off Staff in Reorg; CEO Claims Company Isn’t Shutting DownAll Def Digital, the hip-hop and urban youth culture media company founded by Russell Simmons, has gone through a major restructuring but is not folding, according to president and CEO Chris Blackw…
Source: Variety - 🏆 108. / 63 Read more »

The CEO of Victoria's Secret's parent company reportedly had close ties to Jeffrey EpsteinLes Wexner is the CEO and founder of Victoria's Secret owner L Brands. Wexner was one of Epstein's first known clients and close confidants. Rubbish Cybercrimes
Source: BusinessInsider - 🏆 729. / 51 Read more »

YouTube’s Cleanup Efforts Are Driving Business Opportunities for Creators, Says Product Chief Neal MohanYouTube continues to make headlines for objectionable content and misinformation hosted on the world’s biggest video platform. And it’s been criticized for not doing enough to combat th…
Source: Variety - 🏆 108. / 63 Read more »

An Uber executive says the company hopes to eventually open its platform to third-party developersThuan Pham said at a conference Tuesday that Uber wants to emulate Amazon's web services product to supplement revenue and help turn a profit
Source: BusinessInsider - 🏆 729. / 51 Read more »