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Intel invests $60 million in startups

Intel’s global investment arm has invested $60 million in 15 startup companies.

The firms being added to Intel Capital’s portfolio are using data to develop technologies in areas including artificial intelligence, cybersecurity and robotics.

“The world is undergoing a data explosion. By 2020, every autonomous vehicle on the road will create 4 TB of data per day. A million self-driving cars will create the same amount of data every day as 3 billion people,” said Wendell Brooks, Intel senior vice president and president of Intel Capital.

“As Intel transitions to a data company, Intel Capital is actively investing in startups across the technology spectrum that can help expand the data ecosystem and pathfind important new technologies.”

 

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