"In a deal estimated to be valued at close to the US $1 billion, Intel is targeting to acquire Moovit, an AI start-up that tracks traffic and provides mobile applications to 800 million people globally. Moovit could become a part of Intel’s Israeli automotive hub Mobileye – an autonomous driving enterprise that Intel acquired for $15 billion in 2017" – Vinay Piparsania
- With big data analysis of real-time traffic data and smart routing is at the core of what Moovit does —integrating Moovit talent into Intel’s larger organization seems to be the key driver of the acquisition.
- The buy-out will come at a critical juncture in the mobility industry. Currently, with riders around the world expected to limit their movement and keeping social distance as the new norm; the need for reliable and truly autonomous vehicles has just become more urgent and real. It is an opportunity not to be missed.