Continental acquires minority stake in Israeli start-up Cartica AI: Page 2 of 2

September 04, 2019 //By Julien Happich
Cartica AI
Technology company Continental announced it has acquired a minority stake in Israeli start-up company Cartica AI who develops software in the field of artificial intelligence.

“Cartica AI offers the opportunity for faster production of AI projects in the automotive sector. It could be an alternative to lengthy and complex human safeguards in the area of data quality in machine learning,” explained Demetrio Aiello, head of Artificial Intelligence and Robotics at Continental.

“Continental’s investment in Cartica AI underscores its strategy of becoming an AI-empowered company. To this end, we already rely on nearly 500 AI experts within the company. In addition, we have established an intensive scientific network in the field of AI through our partnerships with international research institutes. The investment in Cartica AI as a risk capital provider now forms the third pillar of our activities in the AI environment. This is where we support promising AI companies,” concluded Aiello.

Continental’s aim is to make the Cartica AI software available to the entire automotive industry and thus promote the rapid implementation of AI technologies for safe mobility solutions.

Continental - www.continental.com

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