Mobileye to acquire Mentee Robotics in $900m deal to expand physical AI ambitions

Mobileye has entered into a definitive agreement to acquire Mentee Robotics, an AI-first humanoid robotics startup, in a transaction valued at $900 million, as the company moves to broaden its focus beyond autonomous driving into what it describes as “physical artificial intelligence”. Under the terms of the deal, the consideration will comprise approximately $612 million […]