Intel paid about $900 million for Moovit, an Israel-based app maker that helps people navigate public transit routes. The firm will be integrated into Intel’s autonomous vehicle division Mobileye, Moovit CEO Nir Erez said in a statement. The deal is a coup for early backers such as Sequoia Capital. On its face, Intel appears to have paid a steep price, roughly double the$500 million valuation...
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Live from SF, It’s Tech Week
Hi, welcome to your Weekend.It was the boom-iest of times, it was the doom-iest of times. At least that’s how it feels right now in Dickensian San Francisco, where AI companies are setting up shop on every avenue, while fentanyl dealers are hanging out in every alley. I joke—but seriously, it’s wild out here. No fewer than 17 of the 35 startups listed on The Information’s new Generative AI...
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