The Israeli company announced Tuesday during CES in Las Vegas it has reached a deal to acquire Mentee Robotics — a startup co-founded by Shashua in 2022 — for $900 million. Under the agreement, Mobileye will buy Mentee Robotics for about $612 million in cash and up to 26.2 million shares of common stock. Shashua, who is the chairman, co-founder, and a significant shareholder of Mentee, recused himself from the Mobileye board’s consideration and approval, according to the company.
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In other words, Mobileye, and Shashua, seem to want to move beyond the technology used to allow vehicles to navigate the world and apply it to humanoid robots as well. The company suggests in its announcement it has the funds to get it there, noting that its current automotive revenue pipeline — driven by its advanced vehicle autonomy and core advanced driver assistance tech — is $24.5 billion over the next eight years. The company said that pipeline figure is up more than 40% compared to January 2023.

7 points xg357

What does mobile eye do now a day?


1 points o_sulivan

maybe starting to shift the business into robotics.

parent root
1 points Recoil42

The Israeli company announced Tuesday during CES in Las Vegas it has reached a deal to acquire Mentee Robotics — a startup co-founded by Shashua in 2022 — for $900 million. Under the agreement, Mobileye will buy Mentee Robotics for about $612 million in cash and up to 26.2 million shares of common stock. Shashua, who is the chairman, co-founder, and a significant shareholder of Mentee, recused himself from the Mobileye board’s consideration and approval, according to the company.
...
In other words, Mobileye, and Shashua, seem to want to move beyond the technology used to allow vehicles to navigate the world and apply it to humanoid robots as well. The company suggests in its announcement it has the funds to get it there, noting that its current automotive revenue pipeline — driven by its advanced vehicle autonomy and core advanced driver assistance tech — is $24.5 billion over the next eight years. The company said that pipeline figure is up more than 40% compared to January 2023.