Tesla Denies Musk in Talks With Israeli AI Vision Firm Cortica

7 months ago admin Comments Off on Tesla Denies Musk in Talks With Israeli AI Vision Firm Cortica
US electric car company Tesla said on Tuesday that Chief Executive Elon Musk, who was visiting Israel, did not discuss a collaboration with artificial intelligence firm Cortica. “The reports that Musk was in Israel to discuss a collaboration between Tesla and Cortica are completely false, he was in Israel, but not to meet or have discussions with Cortica,” said a Tesla spokesman based in Palo Alto, Ca.

Also Read: Facebook Security Chief Likely to Leave Amid Alleged Data Breach: Report

Tel Aviv-based Cortica says its technology enables self-driving cars to identify moving parts in its environment and make informed decisions, even predicting changes likely to occur in its surroundings. The Globes financial news website said the discussions with Cortica could lead to an investment or even an acquisition. Officials at Cortica could not be reached for comment.

Also Read: Google Launches News Initiative to Combat Fake News

Cortica has raised nearly $70 million since it was founded in 2007. Investors include Hong Kong-based Horizons Ventures and Russia’s Mail.ru Group, according to Start-Up National Central. Tesla previously collaborated with Israeli company Mobileye but the companies parted ways in 2016 after a fatal crash involving a Tesla Model S using Autopilot, a semi-automated system designed to assist with driving but not replace the driver.

Intel acquired Mobileye last year for $15.3 billion. Israeli Prime Minister Benjamin Netanyahu told a cabinet meeting on Tuesday he had met Musk and that they discussed the potential of solar energy generation in the Negev desert. Musk’s visit to Israel was highlighted by several websites, including Globes, after he posted a video of himself on Instagram at a bar in Jerusalem.

Watch: Google Pixel 2 Review | Should You Buy it Now For Rs 42,000?

 

Also Watch
  • News18 Reel Movie Awards: Ratna Pathak Shah Bags Best Actor (Female) Award
    News18 Reel Movie Awards: Ratna Pathak Shah Bags Best Actor (Female) Award
  • Indians Dead in Iraq: MEA Identifies Dead Bodies in Mosul as Indians
    Tuesday 20 March , 2018
    Indians Dead in Iraq: MEA Identifies Dead Bodies in Mosul as Indians
  • Watch: Tiny Indian Sanctuary Sees Increase in One-Horned Rhinos
    Tuesday 20 March , 2018
    Watch: Tiny Indian Sanctuary Sees Increase in One-Horned Rhinos
  • Rising India Means the Rise of 125 Crore Indians, Says PM Modi
    Friday 16 March , 2018
    Rising India Means the Rise of 125 Crore Indians, Says PM Modi
  • Putin Tightens Grip Over Russia With Landslide Win
    Monday 19 March , 2018
    Putin Tightens Grip Over Russia With Landslide Win

[afsp_imgs kwd=”technics” num=”1″ wd=”640″ hg=”360″]

[afsp_tube kwd=”technics” num=”1″ wd=”640″ hg=”360″]