Continental Invests in the Future of Chips for Autonomous Vehicles

• Continental is investing in German-US AI chip start-up Recogni
• Need for high-performance processors is growing, with increasing requirements for networked, automated and autonomous driving
• Production rollout of new chip architecture for faster object recognition expected as soon as 2026
• New processor design could complement the opportunities offered by the existing partnership with NVIDIA
• Continental start-up organization co-pace in collaboration with Continental AI experts demonstrates the efficiency of the new chip design

AUBURN HILLS, Mich., Feb. 23, 2021 – The technology company Continental has acquired a minority stake in the U.S.-German startup Recogni. The company is working on a new chip architecture for object recognition in real time based on artificial intelligence (AI). The processors of the future are intended for use in Continental’s high-performance vehicle computers, among other applications, where they will perform rapid processing of sensor data for automated and autonomous driving. As a strategic investor, Continental is contributing both its financial commitment as well as its expertise in the fields of AI, vehicle sensors and advanced driver assistance systems (ADAS) to further the development of the chip design. Continental experts predict that volume production featuring the new chip application could begin as early as 2026. Figuratively speaking, the new, highly specialized processors serve as an ultra-economical data booster: with minimal energy consumption, they enable vehicle computers to gain a rapid sense of the vehicle’s immediate surroundings, creating the basis for automated and autonomous driving. Both companies have agreed not to disclose the amount of the holding.

“Without faster chips, there will be no networking, no automation and no autonomous driving,” emphasized Frank Petznick, head of the Advanced Driver Assistance Systems business unit at Continental. “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.”

“Continental’s support is a strong endorsement of Recogni’s approach to solving the most difficult challenges in autonomous driving,” said R K Anand, Recogni’s Chief Executive Officer. “Recogni’s focus enables us to solve challenge of perception processing by building the world’s highest performing AI inference system at the lowest energy consumption, by developing cutting-edge ASICs for state-of-the-art inference algorithms.”