Intel buys Moovit transit app for $900M to help develop robotaxis

JERUSALEM — Chipmaker Intel Corp. stated it obtained Israeli public transit application developer Moovit for about $900 million to grow its portfolio of self-driving systems.

The deal, introduced Monday just after leaking out in media stories on Sunday, will aid Intel’s autonomous driving device Mobileye build products and services like self-driving “robotaxis” by working with targeted traffic and public transportation information gathered from Moovit’s a lot more than 800 million consumers in 102 nations, Intel stated.

“Moovit is an acquisition that fills some quite critical gaps that we have likely ahead,” Mobileye CEO Amnon Shashua explained to Reuters.

Moovit will

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