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Continental acquires minority stake in Israel's Cartica AI

Continental AG said Sept. 4 that it has acquired a minority stake in Israeli artificial intelligence startup Cartica AI as part of the German auto parts maker's aim to promote the rapid implementation of AI technologies in the automotive sector.

Financial terms of the deal were not disclosed.

Cartica AI uses its automotive visual intelligence platform to develop technologies for intelligent driving. The company owns more than 200 patents related to visual intelligence, according to its website.

With the investment, Continental said it aims to make the Cartica AI software available to the wider automotive industry.

Continental already has nearly 500 AI experts within the company and has partnerships with international research institutes for its scientific network in the field of AI.