We recently spilled a lot of virtual ink on Tesla AI Day 2022, but there are several other self-driving stories from the past few weeks that have been on the list waiting for their moment of glory. Let’s catch up on some of these other pieces.
1. Mobileye, Intel’s standalone technology division that was acquired by Intel several years ago, has filed for an IPO. On September 30, it was announced that Mobileye had filed for an IPO. In 2017, Intel bought Mobileye for a record $15.3 billion. Can Mobileye raise that much or more in its next IPO? We will see. CNBC notes, “Mobileye’s fill indicates strong revenue growth for the Israel-based subsidiary, from $879 million in sales in 2019 to $967 million in 2020, to $1.39 billion last year. . Losses have fallen from $328 million in 2019 to $75 million last year. It is a strong tendency towards profits and solid financial viability. A big part of this game, however, is for Intel to raise funds to focus more on chip manufacturing. The company aims to focus more on this core business program. “Intel previously said it would use some of the Mobileye listing funds to build more chip factories as it embarks on a capital-intensive process to become a foundry for other chipmakers. .”
Mobileye has partnered with many automakers in recent years to advance their semi-autonomous driving features. This includes BMW, Ford, NIO, Nissan, Volkswagen, WILLER and Geely/Zeekr. The company now has its self-driving footprint in Paris, France; Munich, Germany; Tokyo, Japan; New York, NY, USA; and elsewhere.
2. Argo AI launched a completely driverless robotaxi service in Austin in cooperation with Lyft. This service area is in addition to Argo AI’s robotaxi service in Miami, Florida, which just launched in December. The cost, for now, is the same as if people book a normal Lyft car. “The app [enables] customers to unlock the vehicle doors, start the journey and contact customer service. It might seem weird at first, especially since there will actually be two humans sitting in the driver and passenger seats to watch the ride for safety.
3. Waymo just launched the Waymo Accessibility Network. Waymo has focused on the well-being of people with disabilities for years, but this formalizes their commitment to people with disabilities. “The Waymo Accessibility Network brings together disability rights advocates who share the mission of improving access, mobility and safety in our communities. Through the network, Waymo will partner directly with organizations that support people of all ages with physical, visual, cognitive and sensory disabilities. Members include both national advocates and community-based nonprofits serving the cities where Waymo One operates. […]
“We are thrilled to announce that the first 13 members of the Waymo Accessibility Network include the American Association of Persons with Disabilities (AAPD), National Federation of the Blind, United Spinal Association, National Multiple Sclerosis Society, Epilepsy Foundation of America, Blinded Veterans Association, United Cerebral Palsy and American Council of the Blind; LightHouse for the Blind and Visually Impaired, Independent Living Resource Center of San Francisco and Self-Help for the Elderly, based in San Francisco; and the Foundation for Blind Children and the Foundation for the Elderly based in Arizona.
We actually have a lot more to write about the self-driving car space. Stay tuned in the days to come. However, it seemed prudent to quickly summarize these three stories before jumping into the nitty-gritty of specific technologies and software.
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