Mobileye (NYSE:MBLY) has shrugged off all valuation-based criticism and has continued moving higher. The stock has inched higher on the back of several positive catalysts. The company is well positioned to benefit from the autonomous car market and has taken several steps in the right direction as mentioned below.

Mobileye uses its cameras and sensors to gather mapping data from cars and then upload it to the cloud. After uploading the data, the system crowd sources it to other vehicles.

The company’s system is titled as Road Experience Management (REM) and is designed in such a way that it can gather 10 KB of road data per kilometer. After collecting road data, it compares the data with other map data stored in the cloud, so that cars can judge where exactly they are, and then make appropriate decisions.

Read more: Why You Shouldn’t Buy Mobileye –

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Published by Mike Rawson

Mike Rawson has recently re-awoken a long-standing interest in robots and our automated future. He lives in London with a single android - a temperamental vacuum cleaner - but is looking forward to getting more cyborgs soon.

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Why You Shouldn’t Buy Mobileye –

by Mike Rawson time to read: 1 min
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