|14 March 2017|
USA
Intel has made a significant move into the autonomous driving sector with the announcement of its planned $15 billion acquisition of Mobileye.
Buying the car tech firm will put Intel in a strong position to accelerate advances in the industry positioning the chip maker as a leading technology provider in the rapidly growing market for fully autonomous vehicles.
Mobileye uses the latest tech, including AI and deep learning, to create both software and hardware in-house for use within the industry.
Brian Krzanich, Intel CEO. “Intel provides critical foundational technologies for autonomous driving including plotting the car’s path and making real-time driving decisions. Mobileye brings the industry’s best automotive-grade computer vision and strong momentum with automakers and suppliers. Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers.”
Ziv Aviram, Mobileye Co-Founder, President and CEO added: “We expect the growth towards autonomous driving to be transformative. It will provide consumers with safer, more flexible, and less costly transportation options, and provide incremental business model opportunities for our automaker customers. By pooling together our infrastructure and resources, we can enhance and accelerate our combined know-how in the areas of mapping, virtual driving, simulators, development tool chains, hardware, data centers and high-performance computing platforms. Together, we will provide an attractive value proposition for the automotive industry.”
