Mobileye Global is set to acquire Mentee Robotics for $900 million in cash and stock, aiming to advance artificial intelligence in humanoid robotics. The deal involves $612 million in cash and up to 26.2 million shares of Mobileye, with the transaction expected to close in the first quarter of 2026. Mobileye plans to combine its mobility tech with Mentee’s simulation-based humanoid platform to accelerate the development of cost-efficient and functional robots. Mentee aims to deploy proof-of-concept systems later this year, leveraging Mobileye’s AI infrastructure for market success. Mobileye’s stock price saw a slight increase following the announcement.

Read more at Nasdaq: Why Mobileye Stock Rose Today