Mobileye Picks Amazon Web Services to Handle Autonomous Vehicle Cloud Data
In October, Mobileye announced a partnership with Volkswagen Group and Israeli car importer and distributor Champion Motors to launch a self-driving taxi service in Israel in early 2019
Lilach Baumer | 09:00 27.11.2018
Automotive technology company Mobileye has announced on Monday a partnership with Amazon Web Services (AWS), to use the latter's cloud storage and data analytics for its autonomous vehicle operations. Mobileye stated it will use the service to process and analyze the vehicle data it gathers from sensors, images, and video feeds, and subsequently to fine-tune its autonomous technology. In 2017, Intel acquired Jerusalem-headquartered Mobileye in a $15.3 billion deal and turned the company into a global center of its autonomous cars activity. Shortly after the acquisition, Mobileye co-founder and CEO Amnon Shashua repeated the company's goal to reach serial production of autonomous cars by 2021, originally stated as part of an Intel-BMW-Mobileye alliance formed in 2016.
In October, Mobileye announced a partnership with Volkswagen Group and Israeli car importer and distributor Champion Motors Ltd. to launch a self-driving taxi service in Israel in early 2019, intended to serve as a global beta site.
GM and other car manufacturers were desperately looking for a way to make money with electric cars once they realized that they could no longer block their proliferation. Then someone, perhaps Shashua or someone else, hit on the idea of driverless taxis as the answer. With driverless taxis running 24/7 with no driver payrolls, the possibly of vast profits from each car becomes mind-boggling. Of course the car companies will continue to sell their SUV's and pickup trucks in the US market, but the declining interest by millennials in owning ICE cars in particular has forced GM and others to rethink the future. Of course they will continue to sell cars, but increasingly turn parts of their business into "ride sharing" taxi services. One self driving taxi could easily pay itself off in a year or less with years of profitable usage thereafter.