Why This Acquisition Makes Delphi Automotive a Self-Driving Beast
Giant auto-industry supplier Delphi Automotive (NYSE: DLPH) said that it has agreed to acquire nuTonomy, a Massachusetts-based self-driving start-up, for $450 million.
This is a significant deal, one that could help Delphi move into the forefront of providers of self-driving technology -- and one that may give it new ways to bring its technology to market.
NuTonomy, founded in 2013, is a spinoff of research from the Massachusetts Institute of Technology. Its focus has been on applying artificial-intelligence expertise to the development of software for self-driving vehicles. It has about 100 employees, roughly 70 of whom are engineers or scientists.
Source: Fool.com
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