Autonomous driving is expected to become a multi-billion dollar industry within the next decade, and Intel just planted its flag in the space — a $900M flag, to be precise. That’s the price the chipmaker is paying to acquire Israeli public transit app Moovit, which allows users to map out their travel via public transit in 3,100 cities across 102 countries. The app, according to Intel, boasts 800 million users across the globe.
The chipmaker explains its splurge as follows:
The addition of Moovit brings Intel’s Mobileye closer to achieving its plan to become a complete mobility provider, including robotaxi services, which is forecast to be an estimated $160 billion opportunity by 2030.
Mobileye, by the way, is another Israeli start-up the chipmaker has acquired in recent years, whose technology relates to the cameras found in self-driving cars and which, given the astronomical…