Continental completed the acquisition of a minority stake in Recogni.

Continental, a German multinational automotive parts manufacturing company, completed the acquisition of a minority stake in Recogni, a vision-oriented AI platform for autonomous vehicles. Financial terms were not disclosed. “Without faster chips, there will be no networking, no automation and no autonomous driving. Through our own research in the area of new chip designs, our strategic partnerships with large chip manufacturers such as NVIDIA and our investment in Recogni, we are taking the first step toward meeting the future need for highly specialized processors for sensor modules and control units for our powerful, high-performance vehicle computers,” Frank Petznick, Continental Head of the Advanced Driver Assistance Systems business unit.