The Mobileye Paris Motoring Event is the biggest annual event in the city and has been around since 2008. This year, there is a new venue to enjoy it at, the Grand Palais. It is located at the top of the Eiffel Tower and offers amazing views of the city. If you are looking for a great day of sightseeing, shopping and mingling with industry professionals, this is the event for you.
Intel’s investment in Mobileye
Intel has recently announced that it will invest $250 million in Mobileye’s driverless car development efforts. As part of the plan, the company is also committing to creating a dedicated autonomous driving group.
Mobileye is a sensor maker and autonomous driving firm that specializes in camera technologies. Its eyeQ system-on-chips are used in self-driving vehicles. Recently, the company has shipped the 100 millionth EyeQ chip. The Israeli firm has partnerships with Volkswagen, BMW, and Audi.
Since the announcement of the deal, Mobileye’s stock has moved up 34%. Investors have hoped that the company will be valued at more than $50 billion in a public offering. However, IPO proceeds will largely go to Intel.
Intel is the largest semiconductor producer by revenue. But recent years have seen its stocks lose 35%. This may be because of a decline in demand for personal computers.
Intel has been aggressively moving towards becoming a major player in the driverless car industry. In November, it launched a dedicated autonomous driving group. And in January, it announced plans to invest $20 billion on two new Arizona facilities.
The company’s robotaxi service in Paris
A new partnership between Intel subsidiary Mobileye, Paris metro operator RATP Group, and Galeries Lafayette Paris Haussmann has created an autonomous vehicle (AV) on-demand service for employees of the famous department store. The pilot program will be accompanied by a separate EUR100 million ($110 million) program to build out an infrastructure for AVs in metropolitan Paris.
One of the highlights of the partnership is a robotics demonstration. The IONIQ 5 robotaxi, which uses over 30 advanced sensors and an onboard computing system, has been navigating safely through odd shaped vehicles, billboard trucks and other hazards. And it’s fully autonomous.
Another major achievement was securing an AV testing permit for the city of Paris. The company’s robotaxi service will be available on the Lyft ride-hailing app, though no specific date has been set.
Using a robot to transport passengers may seem like a step backwards, but it is a significant step in the right direction. It will speed up the development of a self-driving system.
The company’s revenue forecast for 2021
Developing a revenue forecast is a process that helps leaders plan for their business’s growth. It involves several factors that can be difficult to predict. But it also gives you an accurate look at where your business is headed. Using a revenue forecast can help you with your marketing campaigns and new hires.
You’ll need to gather data on consumer trends, industry size, competitors, and more. This information can be found in annual reports and in industry trade groups. Besides, you’ll also need to include the cost of your products and services.
To build your revenue forecast, you’ll need input from a variety of people. Sales teams will provide an important perspective on sales velocity, while finance and product teams will provide data on inventory and supplies.
While a perfect forecast isn’t possible, you can build a reasonable forecast by incorporating these elements. And, of course, you can always reassess your assumptions later.
