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Excelitas PCO GmbH - PCO.Edge 11-24 BIO LB

Vector Acquires EYYES as Strategic Partner

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Software provider Vector Informatik has acquired a majority stake in AI and camera sensor specialist EYYES GmbH. The acquired company will continue its business activities independently, the companies said. EYYES has developed technologies for driver assistance and traffic perception with artificial intelligence based on camera sensors. Its technology enables warning systems for front collision, approach, reversing, rear-end and turn-off warning. According to Vector CEO Thomas Riegraf, the acquisition will enable technological synergies between the companies in driver assistance...Read full article

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    Published: March 2024
    Glossary
    camera
    A light-tight box that receives light from an object or scene and focuses it to form an image on a light-sensitive material or a detector. The camera generally contains a lens of variable aperture and a shutter of variable speed to precisely control the exposure. In an electronic imaging system, the camera does not use chemical means to store the image, but takes advantage of the sensitivity of various detectors to different bands of the electromagnetic spectrum. These sensors are transducers...
    artificial intelligence
    The ability of a machine to perform certain complex functions normally associated with human intelligence, such as judgment, pattern recognition, understanding, learning, planning, and problem solving.
    machine learning
    Machine learning (ML) is a subset of artificial intelligence (AI) that focuses on the development of algorithms and statistical models that enable computers to improve their performance on a specific task through experience or training. Instead of being explicitly programmed to perform a task, a machine learning system learns from data and examples. The primary goal of machine learning is to develop models that can generalize patterns from data and make predictions or decisions without being...
    Businessacquisitionpartnershipstrategic partnershipmajority stakeshare purchasemajority sharevectorVector InformatikEYYES GmbHEYYEScameraAIartificial intelligenceImagingmachine learningADASdriver assistanceEuropeThe News Wire

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