Intel to buy smart urban transit startup Moovit for $1B to boost its autonomous car division

According to multiple reports and sources that have contacted TechCrunch, Intel is in the final stages of a deal to acquire Moovit, at a price in-an-around $1 billion. Moovit applies AI and big data analytics to track traffic and provide transit recommendations to some 800 million people globally. “At this time we have no comment, but if anything changes I’ll definitely let you know,” Moovit’s spokesperson. Moovit's figures are over 800 million riders across 3,100 cities in 102 countries and 45 languages.

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