Mobileye Global on Tuesday said it would acquire humanoid robotics startup Mentee Robotics for about $900 million, as the Israeli self-driving technology firm bets on what it sees as the next frontier of artificial intelligence. The deal highlights the overlap between autonomous driving and robotics, where similar sensing, perception and decision-making technologies underpin the emerging field of embodied AI. Interest in humanoid robotics, in particular, is surging, driven by the idea that human-like forms can better adapt to existing warehouses, factories and complex settings, helping to ease labor shortages and boost productivity.
Intel spun out its computer vision business RealSense last year to speed expansion into robotics. It also remains the largest shareholder in Mobileye with about a 23% stake. Amnon Shashua, who serves as the CEO of Mobileye, cofounded Mentee Robotics and is the startup’s co-CEO.

Full report : Mobileye Acquires Humanoids Startup Mentee Robotics for $900 Million.