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Chip maker Intel has announced its intention to take its self-driving car business Mobileye public in the US next year via an initial public offering (IPO).
Intel will remain the majority owner of Mobileye, and the two companies will continue as strategic partners, collaborating on projects as they pursue the growth of computing in the automotive sector.
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"Intel's acquisition of Mobileye has been a great success. Mobileye has achieved record revenue year-over-year with 2021 gains expected to be more than 40 per cent higher than 2020, highlighting the powerful benefits to both companies of our ongoing partnership. An IPO provides the best opportunity to build on Mobileye's track record for innovation and unlock value for shareholders," Pat Gelsinger, Intel CEO said in a statement.
The share of semiconductors is expected to be 20 per cent of a premium vehicle's total bill-of-materials (BOM) by 2030. The Mobileye executive team will remain, with Amnon Shashua continuing as the company's CEO.
In the four years since Mobileye was acquired by Intel, Mobileye has experienced substantial revenue growth, achieved numerous technical innovations.
Recently, Gelsinger and Sixt SE Co-CEO Alexander Sixt announced a collaboration to begin offering autonomous ride-hailing services in Germany's Munich in 2022.
The collaboration between Intel subsidiary Mobileye and SixtUnsplash
Also read: Intel Becomes Savior Of Exploited Workers
The collaboration between Intel subsidiary Mobileye and Sixt, a leading international provider of mobility services headquartered in Germany, also aspires to scale driverless ride-sharing services across Germany and other European countries later this decade.
Riders will be able to access the service via the Moovit app as well as the SIXT app. The autonomous robotaxi offering will be included in SIXT's holistic mobility platform ONE, which combines in just one app products for ride hailing as well as car rental, car sharing and car subscriptions.
Mobileye also unveiled the vehicles - branded with MoovitAV and Sixt - that will be produced in volume and used for the robotaxi service in Germany. (IANS/PR)
(Keywords: Intel, self-driving car, India, 2022)
South Korea remained the No. 2 supplier of popular content to Netflix in the fourth quarter of last year, US online media have reported. According to What's On Netflix, a private online site that provides information on Netflix content, on Wednesday (US time), South Korean-made shows accounted for 11.8 per cent of the top 10 films and TV series in the final three months of 2021.
ALSO READ: Lessons Learnt From Squid Game
Korean content thus ranked No. 2 for the second consecutive quarter after the United States, which accounted for 59 per cent, reports Yonhap News Agency. The figures are based on data by the streaming analytics firm FlixPatrol, it added. It marked a sharp increase from its share of 5.4 per cent for the third quarter, thanks to the breakout hit 'Squid Game', released on September 17, and other hit series.
South Korean-made shows accounted for 11.8 per cent of the top 10 films and TV series in the final three months of 2021. | Unsplash
"The fourth quarter of 2021 is likely to be an outlier with the arrival of 'Squid Game', but Korean content has been on a slow march up the charts regardless of 'Squid Game'," the report said. 'Squid Game' became the most successful Netflix show in history, with its total viewership reaching a record 1.65 billion hours in the first four weeks of its release.
Two subsequent series, the fantasy horror 'Hellbound' and the sci-fi thriller 'The Silent Sea', also topped Netflix's official weekly viewership chart for non-English TV shows. (IANS/ MBI)
(Keywords: squid game, netflix, series, US, Korea, quarter, content, history viewership, hellbound, the silent sea, chart)
There has been a significant growth in adoption as well as deepening of digital payments across the country, showed the Reserve Bank of India - Digital Payments Index (RBI-DPI) on Wednesday. Accordingly, the index reading for September 2021 rose to 304.06 (index value) from 270.59 in March 2021. "The RBI-DPI Index continues to demonstrate significant growth in adoption and deepening of digital payments across the country," the RBI said in a statement.
Starting from March 2018, the index stood at 153.47 in March 2019, 173.49 in September 2019. This improved to 207.84 in March 2020, 217.74 in September 2020 and further increased to 270.59 in March 2021. Earlier, the RBI had announced construction of the composite index with March 2018 as a base to capture the extent of digitisation of payments across the country.
Starting from March 2018, the index stood at 153.47 in March 2019, 173.49 in September 2019. | Wikimedia Commons
The RBI-DPI comprises of five broad parameters that enable measurement of deepening and penetration of digital payments in the country over different time periods.Notably, these parameters are 'payment enablers', 'payment infrastructure -- demand side factors', 'payment infrastructure -- suppy side factors', 'payment performance' and 'consumer centricity'.Each of these parameters have sub-parameters which, in turn, consist of various measurable indicators. (IANS/ MBI)
(Keywords: adoption, payment, reserve bank of india, infrastructure, growth, march, index, digital, country, parameters)
After an embarrassingly slow start to the crypto new year, the tides of the crypto machine are starting to change and with it, the investors of Avalanche and HUH Token have received some rather spectacular rewards.
The cryptocurrency market this week saw value increases of over 20% and that’s enough to signal to any crypto investor that things are going better in the crypto sphere than last weeks value increase percentages, which, for the most part, were on a downtrend.
But with the spirits of the cryptocurrency community well and truly perked up, it’s no wonder that hungry crypto investors like yourself are looking for the next bonus round of value increases.
What’s So Special About Avalanche?
You might be wondering how two altcoins, like Avalanche and HUH Token, have popped up on your deep search of the crypto sphere and it’s for good reason … these two cryptocurrencies saw an exponential increase in value this week and with it, have driven the crypto community crazy with investment potential.
It seems like the crypto bug has been biting and the crypto sphere is regaining its pre-New Year vigour.
Avalanche the low-cost, eco-friendly programmable smart contracts platform saw an astonishing 3,042% from that point and investors are rejoicing at their before-the-curve investment in an altcoin.
Though if the numbers and investment trends of 2021 are anything to go off, altcoins like Avalanche and HUH Token are becoming the prefered crypto choice for whale investors.
HUH Token are making steps in this direction with their play-to-earn game launching in February.Dailyhodi
Not many currencies saw such a drastic increase of value like Avalanche, and aside from its forward-thinking, inclusive crypto technology, this is one of the abilities that make Avalanche special.
Its continuing growth potential.
Never Heard Of HUH Token, HUH?
Now, this might not be true for the seasoned crypto lover reading this article, however for those of you who are new to the crypto sphere, HUH Token is the altcoin trailblazer that launched a little over a month ago.
Also Read: Will SafeMoon Be Eclipsed By HUH Token?
HUH Token saw an incredible increase and is set to see more value rises over the next month with its 500 wide influencer launch, play-to-earn launch and dropping their presale holders NFTs on the 31st of January.
It’s events like these that often cause value spikes in altcoins and for that reason, HUH holders are more than thrilled with Utimeme.
HUH Token is the blend of blockchain technology and holder-centric values that most investors crave because it allows them to have greater input over what happens to their well-earned money.
Like Avalanche, HUH Token is a currency that wants to bring a new kind of crypto investor to the market, and that’s one from any kind of financial background… HUH Token are making steps in this direction with their play-to-earn game launching in February.
These are some of the reasons that a bonus round for those who missed out on the crypto windfall of January 1st investors, could be around the corner.
Remember, it’s always best to do your research into crypto before investing and you can begin your search by visiting the links below or going to Avalanche and HUH Token websites.
Disclaimer: (This article is sponsored and includes some commercial links)