Intel to acquire AI Transit startup Moovit for $1 Billion

Read the original article: Intel to acquire AI Transit startup Moovit for $1 Billion


Intel Corporation has publicly announced that it is going to acquire AI-powered transit startup Moovit for $900m($1 billion appx). Thus with this deal, the American Chip giant is intending to develop the technology developed by Moovit to the level of Google Maps with the help of Artificial Intelligence and Big Data Analytics.   Although Moovit […]

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Read the original article: Intel to acquire AI Transit startup Moovit for $1 Billion