CEO/president Amnon Shashua explains why moving into robotaxi companies is a strategic transfer
Mobileye has constructed a multi-billion-dollar enterprise supplying automakers with pc imaginative and prescient know-how that powers superior driver help techniques. It’s a enterprise that final 12 months generated almost $1 billion in gross sales for the corporate. Right now, 54 million autos on the highway are utilizing Mobileye’s pc imaginative and prescient know-how.
In 2018, the corporate made what many thought-about a daring and dangerous transfer when it expanded its focus past being a mere provider to changing into a robotaxi operator. The upshot: Mobileye needs to compete immediately with the likes of Waymo and different large gamers aiming to deploy industrial robotaxi companies.
TechCrunch sat down with Amnon Shashua, Mobileye’s president and CEO and Intel senior vice chairman, to search out out why and the way — yep, acquisitions are sooner or later — the corporate will hit its mark.