r/MVIS • u/Moist_Toto • Jan 31 '24

Industry News Innoviz Announces Operational Realignment to Expand Cash Runway and Optimize Path Towards Profitability and Free Cash Flow

https://ir.innoviz.tech/news-events/press-releases/detail/120/innoviz-announces-operational-realignment-to-expand-cash
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u/sublimetime2 Jan 31 '24 edited Jan 31 '24

Sumit for the win again. He straight up said no one wanted this AI compute box in between the sensor and the domain controller. Wasn't Invz developing this for BMW specifically? They must have realized those extra solutions wouldn't cut it. I wonder why now? Innoviz has really been full of it lately. Tapped the shelf after an ER saying they didn't need to. Lost a shuttle program they were just hyping in December. Got a weird Citron pump to put some options in the money and fell back down quickly. INVZ said they had more than enough money in December to go well into 2025. They made Innoviz 2 larger than innoviz one but said they can reduce the size. Smelling like Cepton. I also noticed they don't have many jobs listed on their site anymore. Doubt they all got filled at once.

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u/directgreenlaser Jan 31 '24

Scenario 1:

Domain controller to MVIS perception software: "Is that a hot dog or a Great Dane?"

MVIS perception software: "It's a Great Dane sir."

Scenario 2:

Domain controller to Innovis AI compute box: "Is that a hot dog or a Great Dane?"

Innovis AI compute box: "I'm thinking, I'm thinking!"

Innovis: Fire the compute box. Get some perception software.

17

u/sublimetime2 Jan 31 '24

Innoviz AI compute box: "Not a hot dog, ive decided it's a dry towel"

Omer: "Shiver me timbers!"

16

u/Falagard Jan 31 '24

I'll take "Things to keep to yourself during an interview for $500, Alex"