Artificial Intelligence: Bosch Acquires Five.ai For Automated Driving

April 14, 2022 | Artificial Intelligence, News
https://dailyalts.com/wp-content/uploads/2022/04/kv_210519-five-l4av-streetwise_img_w1280.jpeg

Five employs 140 associates at six locations in the United Kingdom.

Bosch, the global electronics and mobility provider, has acquired Five, Europe’s leading startup in the field of automated driving, as it eyes a major role in the development of self-driving cars. The organizations agreed on the transaction at the beginning of April, and the financial terms have not been revealed. However, Bosch said in its statement that there were other bidders, but Five selected Bosch. (Fleet Europe)

“Automated driving is set to make road traffic safer. We want Five to give an extra boost to our work in software development for safe automated driving, and offer our customers European-made technology,” said Dr. Markus Heyn, member of the Bosch board of management and chairman of the Mobility Solutions business sector.

Bosch: global leader in electronics and mobility

“Scale matters in building automated driving technology. Bosch is a global leader in driving assistance technologies, with core technologies and vast data lakes that will be essential in bringing safe self-driving systems to market. We’re excited for Five to become part of Europe’s most powerful SAE Level 4 player and to be a part of Bosch’s future success,” said Stan Boland, the CEO of Five.

Recently, Bosch acquired Atlatec GmbH, a specialist in the field of high-resolution digital maps. The acquisition of Five will consolidate its market position in software and automated driving.

“Bosch will be the only company that can offer its customers all the necessary building blocks of automated driving from a single source – from actuators, sensors, and maps to software and the engineering environment,” said Bosch.

Related Story: Chinese Autonomous Driving Company Pony Gets Paid Robotaxi License For Beijing

Image Credit: Bosch

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/02/the-eleventh-hour-gfac76b1a4_640.png
Alternative Investments/ESG: Six New Responsible Funds Flag Off Morgan Stanley’s ETF Platform

Morgan Stanley Investment Management (MSIM) has launched its ETF platform with six Calvert ETFs listed on NYSE Arca. The ETFs feature Calvert’s responsible investing approach and offer access to four…

https://dailyalts.com/wp-content/uploads/2023/02/adi-goldstein-i3gs_IIyvuI-unsplash.jpg
Artificial Intelligence: MusicLM, A New Generative AI Tool From Google, Creates Music From Text
February 2, 2023     Artificial Intelligence, News

Google (NASDAQ: GOOGL) recently published a research paper on its new AI tool, MusicLM, designed to create music. The tool is based on machine learning and is trained on vast…

https://dailyalts.com/wp-content/uploads/2023/02/augmented-reality-g86922a9f7_640.jpg
Artificial Intelligence: Snap Mulling AR Glasses Powered By Generative AI
February 2, 2023     Artificial Intelligence, News

Snap (NYSE: SNAP), the parent company of Snapchat, has hinted at future AR glasses powered by generative AI technology. CEO Evan Spiegel stated that AI will be critical to the…

https://dailyalts.com/wp-content/uploads/2023/02/94280bca-3fa2-430a-a5cd-2b2b997f622b.png
Digital Assets: Binance And Mastercard Launch Prepaid Crypto Card In Brazil
February 1, 2023     Digital Assets, News

Binance and Mastercard (NYSE: MA) have jointly launched the Binance Card in Brazil, allowing Binance users in the country to make purchases and pay bills with cryptocurrencies like bitcoin and…