Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Mobili yesterday had a pretty key announcement a new deal,
Speaker 2: a deal to the tune of nine hundred million dollars
Speaker 2: combining cash MOBILEZ shares to buy Menty Robotics and the
Speaker 2: dealers expected to be closing their first quarter of twenty
Speaker 2: twenty six. We're still in gains up three times percent,
Speaker 2: where significantly off.
Speaker 3: Of our hives.
Speaker 1: As the market digests what this deal really means. We've
Speaker 1: got the perfect person. We're asking what it means. I'm
Speaker 1: non Shashow has here with us Mobile CEO. Is wonderful
Speaker 1: time and time with you, Sam.
Speaker 3: Wonderful to be with your Carolinaded.
Speaker 1: Why is it right for you to go from autonomous
Speaker 1: driving into the world of robotics.
Speaker 4: Well mobilizing AI company in the field of autonomous driving
Speaker 4: driving assist the full spectrum of a computer vision and
Speaker 4: AI to control cars and human ideopolitics has been recognized
Speaker 4: in the past two or three years as a complementary
Speaker 4: and Mobili wants to It's not only another growth engine,
Speaker 4: but from a technological point of view, if you are
Speaker 4: an actor in this area of physical AI, you want
Speaker 4: to then extend it to the full scope of physical AI,
Speaker 4: and I believe that robotics, humanoids, they have a great future.
Speaker 4: Now maybe it's a long term plate that it's not
Speaker 4: you know, a year from now, but I believe it
Speaker 4: has a significant, exciting future. And from Mobili there's synergetic
Speaker 4: areas in infrastructure, in AI, in software, in AI talents.
Speaker 4: So from Mobiliz this is a great move.
Speaker 1: I mean, of course, in many ways, people say you
Speaker 1: think that because you helped found menty your son's work
Speaker 1: at MENTI help me get comfortable with that because many
Speaker 1: have thrown such accusations. Elon must sway sometimes previous acquisitions and.
Speaker 3: Not liked it.
Speaker 4: Well, it's called the related party transaction. Has been done
Speaker 4: in the past and will be done in the future,
Speaker 4: and there are ways to handle it, like being recused from.
Speaker 3: Decision, which I did and so forth.
Speaker 4: And you know, my son has a zero point zero
Speaker 4: zero zero zero one percent is just an employee, so
Speaker 4: it's not a big deal. You know, he graduated from
Speaker 4: computer science and he wanted to do some work and
Speaker 4: go work for a company that is very, very strong
Speaker 4: in AI, working on the future of physical AI. So
Speaker 4: it makes sense. But you know that is really immaterial.
Speaker 4: The material part is the scope of AI. You know,
Speaker 4: physical AI includes humanoids, includes autonomous driving, and it makes
Speaker 4: a lot a lot of sense. Mobili over the years
Speaker 4: was always looking for a new growth engine, right for example,
Speaker 4: take computer vision and applied maybe to security areas in
Speaker 4: cameras and so forth. But we never found something that
Speaker 4: really clicked, found something that has significant modes, that has
Speaker 4: a significant term, and humanoids is becoming that click is
Speaker 4: becoming this.
Speaker 3: Area where are you coming and grow?
Speaker 5: You know, I've been talking for years about you know,
Speaker 5: mobilized existing footprint and then it's go to market in
Speaker 5: the future. What's the go to market for mentee?
Speaker 4: Well, we see to go to market in two phases.
Speaker 4: The first phase is structured environments like warehouses, assembly plants, retail,
Speaker 4: where the number of tasks are finite are also understood
Speaker 4: in advance. What are the tasks that the customer is interested?
Speaker 4: A customer will buy a fleet of robots, not just
Speaker 4: one robot, and you can customize per customer that I
Speaker 4: think based on pocs that the mentee has been doing.
Speaker 4: If you look at the demonstrations that have been showing
Speaker 4: like robots picking boxes, moving them from place to place.
Speaker 5: You would essentially just sell the hardware.
Speaker 3: A seller robot either sell or Lisa robot.
Speaker 5: Right.
Speaker 4: We believe that the manufacturing costs in a reasonable volume
Speaker 4: of tens of thousands of robots would be twenty thousand dollars.
Speaker 4: So this gives a lot of flexibility in a business model.
Speaker 4: So this is phase one. We believe it will start
Speaker 4: in twenty twenty eight. Phase two is unstructured environments like
Speaker 4: home use. That is much more complicated because the tests
Speaker 4: are open ended.
Speaker 3: You need to continuously learn, so.
Speaker 4: It's not that you can prepare yourself to all the
Speaker 4: possible tasks a home in a home use, so you
Speaker 4: need new technology. So it's not that the same technology
Speaker 4: you use for structured environments. And this is one of
Speaker 4: the things that I showed in my keynote, a technology
Speaker 4: that Minty, and this is why Minty is called Minty
Speaker 4: from mentory. The robot is watching passively watching a human
Speaker 4: showing a new task, and the video goes up to
Speaker 4: the cloud. In the cloud, there's a foundation model that
Speaker 4: takes the video, moves it into a simulator, trains over
Speaker 4: the simulator. Today it's a few hours in the future,
Speaker 4: a few minutes goes back to.
Speaker 3: The robot and the robots perform the test.
Speaker 5: Let's go back to your core business and on this
Speaker 5: week in video showed us a full stack solution autonomous driving.
Speaker 5: You know, they make arguments that their software and hardware
Speaker 5: competencies will make them win. Your evaluation of what they're
Speaker 5: offering against what you plan to do costs for mile
Speaker 5: basis how worried you are.
Speaker 3: I'm not worried.
Speaker 4: Competition, I believe is always good. It kind of ignites
Speaker 4: the market. In my keynote, I had Christian Zenger, the
Speaker 4: CEO of Folkswagen Autonomously Cars, chairman of Moya, come to
Speaker 4: the stage and talk about one hundred thousand vehicles in
Speaker 4: the next eight years, one hundred thousand robotaxes in the
Speaker 4: next eight years. Talked about that we are almost there
Speaker 4: in removing the driver, going driver less in Q three.
Speaker 5: Yeah, but are they using mobili Yeah, of course, this
Speaker 5: is clad, iron clad, This is a mobilize.
Speaker 4: There are one hundred id bus vehicles in multiple locales.
Speaker 3: All of them is mobil mobilized tack and we.
Speaker 4: Are really on the way of removing the driver and
Speaker 4: a very cost effective solution. Our sensor set is you know,
Speaker 4: ten thousand dollars twelve thousand dollars. Compute is very very
Speaker 4: cost cost optimized mobilized chips are one tenth of the
Speaker 4: cost of competing chips. We developed our imaging radars which
Speaker 4: are the best on the planet, those imaging radars. So
Speaker 4: I feel very confident that we are on our way
Speaker 4: to a new growth engine.
Speaker 3: With the robotax your striking deals.
Speaker 1: We understand as us all to make it that you
Speaker 1: struck a deal with the nine million cars for safety software.
Speaker 4: Okay us automaker that are three to four no pick one.
Speaker 4: But I think that this nine million units is a
Speaker 4: big news because we are talking about the evolution of AIDAS.
Speaker 4: So aid US today is a front facing camera. Maybe
Speaker 4: you have a front facing radar. This nine million units
Speaker 4: is called surround AIDAS. You are taking a front facing camera,
Speaker 4: four parking cameras, multiple radars, a very strong value proposition
Speaker 4: to the customer, and it replaces multiple ECUs in the car.
Speaker 3: It replaces the aco F parking AEO OF for.
Speaker 4: Driving monitoring system, hands free driving on highways, safety.
Speaker 3: Functions for the next five years.
Speaker 4: So this is the evolution of AIDAS and it's high
Speaker 4: volume We have two customers in the past year, Volkswagen
Speaker 4: and this US customer nineteen million units.
Speaker 3: This is big AI twenty one.
Speaker 5: We're hearing that in Vidia Misto Loong is quite interested
Speaker 5: in another one of your companies. He's here this week.
Speaker 5: What can you tell us about how talks are going?
Speaker 5: Did you manage to speak to Jensen while here?
Speaker 4: You know, the Israeli press is not as tight as
Speaker 4: the US press, So don't believe anything you're reading the
Speaker 4: Israeli press. No, no, that there are talks, talks and
Speaker 4: Vidia talks with others, but no, it's nothing even close
Speaker 4: to talking about it in the press.
Speaker 1: How do you think all I investors would feel about
Speaker 1: an acquisition of AI twenty one by.
Speaker 4: An It has nothing to do or I twenty one
Speaker 4: is working on foundation models and agents, has nothing to
Speaker 4: do with the activity of Mobilize. Activity of Mentee Mobili
Speaker 4: is physical.
Speaker 3: AI. You're a busy man. You're a busy man.
Speaker 5: Busy man for the time here at C s Las Vegas,
Speaker 5: Amon Shashua mobil I C e O. Thank you very much.