Alva Review-Courier -

Intel buys Moovit app for $900M to boost bet on robotic cars

 


BERKELEY, Calif. (AP) — Intel is buying transportation-planning service Moovit for $900 million as the world's largest computer chip maker moves further down the road in its effort to build self-driving cars.

The deal announced Monday gives Intel another tool to use in its push to become a major player in the race to create the technology needed to build fleets of taxis that will be able to transport passengers without a human driver behind the wheel.

Moovit, an 8-year-old company based in Israel, makes an app that compiles data from public transit systems, ride-hailing services and other...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019

Rendered 05/29/2020 05:23