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-0.000514441096494413 -0.000530772559875151 -0.00133101426553321 -0.00458914120999802 -0.00541388011072732 -0.00378073377264959 -0.00378073377264959 -0.00378073377264959
Stock impact report

Robot Revolution in Autos: MBLY, TSLA, Hyundai & Peers in Focus [Yahoo! Finance]

Mobileye Global Inc. - Class A (MBLY) 
Company Research Source: Yahoo! Finance
Automakers are moving beyond vehicles and stepping into humanoid robotics and physical AI (artificial intelligence). The latest big move in this direction comes from Mobileye Global Inc. MBLY. This Israeli technology company has agreed to acquire Mentee Robotics, a Tel Aviv-based humanoid robotics start-up, in a deal valued at around $900 million. The company will pay about $612 million in cash and the rest through up to 26.2 million shares of common stock. The transaction has already received approval from Mobileye's board and Intel, its largest shareholder, and is expected to be closed in the first quarter. With this acquisition, Mobileye is buying an entry ticket into the world of “physical AI.” The company says the move will help combine its deep experience in AI, perception, computing, and large-scale production with Mentee's humanoid robotics platform and AI talent. Together, they aim to build safe, intelligent robots that can operate independently in real-world environments Show less Read more
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