We spilled a lot of virtual ink on Tesla AI Day 2022 recently, but there are several other self-driving stories from recent weeks that have been on the list waiting for their time to shine.
1. Mobileye, the self-driving tech division of Intel that was bought by Intel several years ago, has filed to go public.Intel bought Mobileye for a record $15.3 billion
. Can Mobileye raise that much or more in its coming IPO? We’ll see. CNBC notes, “Mobileye’s filling indicates strong revenue growth for the Israeli-based subsidiary, from $879 million in sales in 2019, to $967 million in 2020, to $1.39 billion last year. Losses have shrunk from $328 million in 2019 to $75 million last year.” That’s a strong trend toward profits and solid financial sustainability. A big part of this play, though, is for Intel to raise money to focus harder on chipmaking.
Mobileye has been partnering with numerous automakers in recent years to advance their semi-autonomous driving features. That includes
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