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May 07, 2020
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GM's Cruise opens robotaxi service to San Francisco public, triggering a USD 1.35 billion investment
News Commentary | February 04, 2022
Previously available only to Cruise employees, robotaxis can now be ridden by the public in San Francisco (SF) for free. Consequently, Cruise has raised an additional USD 1.35 billion from Softbank Vision Fund, which had already invested USD 900 million in 2018. Cruise plans to use the capital to ... Not part of subscription
Qualcomm acquires Arriver from SSW Partners to enhance its ADAS offerings
News Commentary | April 11, 2022
Financial details of the Arriver acquisition will be disclosed in Qualcomm's April 2022 earnings call. The transaction involved SSW Partners acquiring Veoneer (Arriver's previous owner) for USD 4.5 billion and selling the Arriver part of Veoneer to Qualcomm and the rest to a different party (yet to ... Not part of subscription
Mobileye begins autonomous vehicle testing in Miami and Stuttgart
News Commentary | May 04, 2022
Miami and Stuttgart join Detroit, New York, Paris, Jerusalem, Tel Aviv, Munich, Tokyo, and Shanghai in Mobileye's testing program. The company claims that the testing experience in these cities allowed its vehicles to navigate Miami streets within two weeks of arrival. The company uses mapping data ... Not part of subscription
by Christopher Robinson
Intel is quick to tie Moovit's multimodal route planning application to benefiting its autonomous driving technology developed through Mobileye. Mobileye's current products serve near-term markets, as its EyeQ chips power ADAS systems in 60 million vehicles and recently has focused more efforts on Level 4 systems. As many use cases for Level 4 autonomy are in commercial sectors like robotaxis and shipping with those system, a navigation and routing component will be a valuable addition to Mobileye's current technology. Additionally, the value of Moovit's data likely factored into the decision to acquire the company.
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