Excerpt: Two Heads are Better Than One
…The old adage also makes sense for digital maps. Mapping company HERE and Mobileye
(+9.77%), best known for its industry-leading self-driving technology, are partnering up to create self-driving mapping tech. The idea is to layer Mobileye’s “Roadbook”—which maps drivable routes in real-time—with HERE’s HD Live Map to improve and grow the data on both platforms. So who cares about these super-powered maps? Autonomous vehicle makers, which need precise and timely maps data for their self-driving cars to make better-informed driving decisions. This is yet another example of consolidation and collaboration in an industry that keeps getting bigger and bigger, and to that we say…vroom vroom.