Mobileye Acquires Mentee for Robotics Push
Update: 2026-01-06
Description
Mobileye, an Intel company known for its car safety and driver assistance systems, is venturing into robotics with the acquisition of Mentee Robotics. This strategic move aims to blend Mentees humanoid robot technology with Mobileyes autonomous driving expertise, positioning the company as a leader in physical artificial intelligence. The acquisition, valued at $1.3 billion, is expected to close in the first quarter of 2024. Mobileyes robust revenue pipeline, totaling $24.5 billion over the next eight years, will fuel this expansion. Mentee benefits from Mobileyes advanced AI resources and computing power, accelerating their humanoid robot development. Checkout Solipillow.com
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