A Long, Strange Trip for the ‘Uber for Nurses’Read more

Amnon Shashua, co-founder and chief technology officer of Mobileye, speaks at a conference last year. Photo by Bloomberg

Layoffs Hit an Intel Autonomous Vehicle Team, but Investments Continue

By  |  April 24, 2019 5:24 PM PDT
Photo: Amnon Shashua, co-founder and chief technology officer of Mobileye, speaks at a conference last year. Photo by Bloomberg

Intel has laid off several dozen employees in a Silicon Valley research lab focused on autonomous vehicles as it seeks to reduce overlapping efforts inside the company, The Information has learned.

Despite the layoffs, which were confirmed by Intel, the company isn’t backing away from its work on autonomous vehicles. It has begun centralizing more of its activities in the field in Israel, where Mobileye, an autonomous vehicle company that it acquired in 2017 for $15.3 billion, is based. In a sign of its continued commitment, The Information has learned that Intel’s Mobileye unit late last year acquired Eonite Perception, a Palo Alto-based startup specialized in software for 3D mapping and tracking using lidar, a type of sensor some autonomous vehicles use to detect their surroundings.

Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Instacart CEO Fidji Simo. Photo by Getty.
Exclusive startups Finance
Growth Wanes at Instacart, Gopuff
Grocery upstarts Instacart and Gopuff haven’t been able to deliver two things at once this year: growth and profits.
CareRev co-founder Will Patterson stepped down as CEO last week. Art by Clark Miller
Exclusive startups venture capital
A Long, Strange Trip for the ‘Uber for Nurses’
Will Patterson was on a hot streak. As the co-founder and CEO of CareRev—a gig-work platform sometimes described as an “Uber for nurses”—he saw his company’s business surge during the pandemic as hospitals and clinics scrambled to find healthcare workers.
Nvidia CEO Jensen Huang. Photo by Bloomberg
semiconductors ai
Why Nvidia Aids Cloud Rivals of AWS, Google and Microsoft
Nvidia’s business of selling chips for artificial intelligence is going gangbusters, but the company faces a looming problem.
PRO
Introducing The Information’s Generative AI Database
OpenAI’s ChatGPT launched six months ago, igniting a boom in generative artificial intelligence.
Adam D'Angelo photograph by Ko Sasaki. Art by Clark Miller
The 1:1 ai
Adam D’Angelo’s Endless Quest to Answer Everything
Adam D’Angelo is basking in an “ endless summer ” of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside.
The Port of Los Angeles, where Next Trucking has a significant presence. Photo by David McNew/Getty Images.
Exclusive startups Finance
Logistics Startup Next Trucking Tries to Sell Itself
Sequoia Capital–backed logistics startup Next Trucking, facing a slowdown in the trucking sector, is trying to sell itself, according to people familiar with the matter and a pitch deck reviewed by The Information.