Mobileye Wagers $900M on Humanoid Robots Amid Self-Driving Squeeze

When the road ahead looks bumpy, sometimes it’s best to walk on two legs. Amid fierce competition in the booming self-driving market, tech provider MobileyeMBLY

has switched lanes with a humanoid robot acquisition. With shares down 33.5% over the past six months, Mobileye’s $900M diversification play marks a Hail Mary as rivals follow suit.

• Announced Tuesday,MBLY
  acquired Mentee Robotics for $612M cash, and 26.2M shares — with humanoid commercialization targeted for 2028.
• The deal comes as NvidiaNVDA
  and QualcommQCOM
  push into autonomous driving hardware — while major automakers build self-driving software in-house.

Vehicle musical chairs: Mobileye’s autonomous driving expertise translates naturally to humanoid navigation — but it’s entering a crowded game of desperate pivots. With EV sales down 33% in October, peers are scrambling for the same exits. RivianRIVN

unveiled its autonomous platform for robotaxis (now a direct competitor), while TeslaTSLA

claims 80% of its future value lies in Optimus humanoids. In the race for a safe space, Mobileye might find the two-legged playing field more crowded than the roads it’s leaving behind.