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Intel is reportedly close to buying transit app creator Moovit

EngadgetMay-3-2020, 18:10:20 GMT

Intel's autonomous driving ambitions may soon get a boost from a well-known app developer. Calcalist, The Marker and TechCrunch sources claim Intel is close to acquiring transit app developer Moovit in a deal that would be worth around $1 billion. The deal would reportedly fold Moovit into Intel's Israeli automotive hub (currently led by Mobileye) and help with its overall self-driving strategy. Moovit told TechCrunch it had no comment "at this time." A deal is supposedly near enough that it could be unveiled within days.

artificial intelligence, moovit, transit app creator moovit

Engadget

Industry:

Transportation > Ground > Road (0.45)
Information Technology > Robotics & Automation (0.45)

Technology: Information Technology > Artificial Intelligence > Robots > Autonomous Vehicles (1.00)

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