Volkswagen Announced a New Partnership with 'Mobileye'
Colin Smith — October 27, 2022 — Autos
Volkswagen and Mobileye have teamed up to pursue self-driving and autonomous driving technologies. The automaker recently concluded its multi-year partnership with Argo AI, an artificial intelligence company working toward the same goal. As part of this partnership, Volkswagen will divert its autonomous driving investments to Mobileye for the foreseeable future.
Mobileye is a subsidiary of Intel, and a company that recently entered the public market with an initial valuation of $20 billion USD. This is a substantial value, however, an understandable one, given that Mobileye's self-driving, autonomous-driving, and other smart driving technologies will be deployed in hundreds of millions of vehicles by 2030, assuming business continues to proceed as planned.
Volkswagen has not yet explicitly outlined the degree to its partnership with the company, such as the amount invested or the projected duration.
Image Credit: Shutterstock
Mobileye is a subsidiary of Intel, and a company that recently entered the public market with an initial valuation of $20 billion USD. This is a substantial value, however, an understandable one, given that Mobileye's self-driving, autonomous-driving, and other smart driving technologies will be deployed in hundreds of millions of vehicles by 2030, assuming business continues to proceed as planned.
Volkswagen has not yet explicitly outlined the degree to its partnership with the company, such as the amount invested or the projected duration.
Image Credit: Shutterstock
Trend Themes
1. Self-driving Car Technology - Volkswagen partnership with Mobileye presents an opportunity for companies to invest in driving safety technology by developing a reliable self-driving car
2. Autonomous Vehicle Innovation - The partnership should encourage more research and innovation around enhancing the performance of autonomous vehicle technology
3. Smart Driving Technologies - The rise in support for smart driving technologies through this partnership presents opportunities for tech companies to improve safety measures in vehicles.
Industry Implications
1. Automotive Industry - This partnership represents an opportunity for automakers to invest in developing reliable autonomous driving technology
2. Technology Industry - The partnership will likely spur development of smart driving technologies and software
3. Artificial Intelligence Industry - Mobileye's partnership with Volkswagen will surely boost the AI industry, inviting more companies to invest in autonomous technologies.
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