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Global chip-making giant Intel is negotiating a deal to acquire Moovit, an Israeli startup that applies Artificial Intelligence (AI) and big data analytics to monitor traffic and give transit recommendations, a media report said. Expected to close in the coming days, the deal could be worth around $1 billion, TechCrunch reported on Sunday. Following the acquisition, Moovit could become part of Intel's Israeli automotive hub, which is anchored by the autonomous driving company Mobileye, said the report, citing sources. Intel acquired Mobileye for $15.3 billion in 2017. Moovit was valued at over $500 million at the time of its last round of funding, but its valuation has grown tremendously in the last couple of years.