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Story summary
- Mobileye is acquiring Mentee Robotics for $900 million, including $612 million in cash and shares.
- Mentee Robotics will operate independently for at least two years, leveraging Mobileye's customer base.
- The deal shifts Mobileye's focus to humanoid robots as Mentee's humanoids face real-world performance challenges.
- Amnon Shashua, Mobileye's CEO, anticipates 2028 sales and notes the goal to reduce production costs to below $20,000.
