Continental AG Buys Minority Stake in AI-Company Cartica AI
September 04 2019 - 4:53AM
Dow Jones News
By Max Bernhard
Continental AG (CON.XE) said Wednesday that is has bought a
minority stake in Israeli start-up Cartica AI, which develops
software to speed up machine learning.
Through Cartica AI's solutions self-driving vehicle systems can
be confronted with new traffic situations for training more quickly
in the future, the German automotive supplier said.
Continental didn't disclose the financial details of the deal or
the size of its stake.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
September 04, 2019 04:38 ET (08:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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