Intel buys Moovit app for $900M to boost bet on robotic cars
Share
Tweet
May 3, 2020
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 reso...
For access to this article please
sign in or
subscribe.
Reader Comments(0)