Israel wouldn’t have earned its reputation as the Startup Nation if some of the thousands of companies that have come out of this small country hadn’t earned big bucks for their investors. How big? Jerusalem-based Mobileye currently holds the title for the most lucrative acquisition of an Israeli company: $15.3...

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Self-driving cars in the Holy Land may hit the roads as early as 2019, as three major players announced plans to develop Israel’s first ride-hailing service using Level 4 autonomous vehicles. The proposal from Volkswagen Group, Intel subsidiary Mobileye and Champion Motors was accepted during the recent Smart Mobility Summit  in...

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Mobileye, the Israeli autonomous driving startup that was bought by Intel last year, announced that it had closed a deal with a European automaker to provide self-driving systems for 8 million vehicles, Reuters reported Wednesday. Reuters described the deal, Mobileye’s largest one yet, as “a sign of how carmakers and...

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Moovit, an Israeli app developed for helping commuters get to their destination using public transportation, just raised $50 million from investors led by Intel, TechCrunch reported Wednesday. Moovit, which has 120 million users in 80 countries worldwide, has raised about $131 million in funding and was valued at $450 million...

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Mobileye, the Jerusalem-based global leader in the development of computer vision and machine learning for autonomous driving, has announced an agreement with Nissan Motor to generate crowd-sourced data to create next-generation higher precision maps. The new agreement will use the Jerusalem company’s Road Experience Management (REM) data generation technology to...

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The Palestinian Non-Authority Another Palestinian terror faction announced on Tuesday that it will not participate in upcoming local elections. The Popular Front for the Liberation of Palestine (PFLP) stated that it would boycott the May municipal contests to protest the Palestinian Authority’s “suppressive” tactics against demonstrators. Hamas, the terror organization that...

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Intel’s record-breaking $15 billion acquisition proposal for the Israeli automotive technology company Mobileye demonstrates the company’s belief in Israel as a major business and technology center, the Fortune 500 company’s chief executive said Tuesday. “We think of ourselves as an Israeli company as much as a U.S. company,” Intel CEO Brian Krzanich said at...

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American tech giant Intel confirmed its intent on Monday to acquire the Jerusalem-based autonomous driving company Mobileye for a record $15 billion, the biggest ever exit in Israeli history. According to the agreement, Intel will launch a tender offer to acquire all of Mobileye’s issued and outstanding ordinary shares for $63.54 per share in...

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Automotive industry executives who are looking at the future of automobiles “should look beyond the traditional industry hubs in Detroit, Frankfurt, and Tokyo to a place that might appear to be an unlikely location: Israel,” a think tank expert wrote in Foreign Affairs on Tuesday. Avi Jorisch, a senior fellow at the...

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A new Guinness World Record was set for most people using virtual reality displays at the same time when the Israeli company Mobileye made a presentation to 1,867 business leaders at the 2017 YPO Edge conference in Vancouver on March 3. Mobileye cofounder and CEO Ziv Aviram is a member...

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