Saturday, 27 May, 2023

Applied Intuition Acquires Autonomous Trucking SPAC Embark for $71M

Applied Intuition, a provider of simulation and testing solutions for autonomous vehicles, announces its acquisition of Embark, an autonomous trucking company, for $71 million. The strategic acquisition aims to enhance Applied Intuition's capabilities in the autonomous trucking space, leveraging Embark's expertise and technology. The move reflects Applied Intuition's commitment to advancing autonomous driving technology.