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Intel acquires self-driving car firm for $15.3 billion

Intel acquires Mobileye, a self-driving car firm based in Israel, for $15.3 billion.

Published Mar 14, 2017 3:28 AM CDT   |   Updated Tue, Nov 3 2020 11:56 AM CST
0 minutes & 36 seconds read time

Intel is making a massive investment into autonomous car technology, acquiring Israeli self-driving car firm Mobileeye for a huge $15.3 billion.

Intel acquires self-driving car firm for $15.3 billion | TweakTown.com

Mobileye has technology inside of 27 carmakers' vehicles, with technology from cameras to sensors around the car, to emergency braking technology, lane assistance systems, and more. Intel has been working with Mobileye for a while, teaming with BMW last year to make a fully autonomous car by 2021.

Intel isn't just throwing down its $15 billion investment for nothing, as the company sees the autonomous car market becoming a mammoth $70 billion market by 2030. Intel boss Brian Krzanich made it very clear that by combining Intel's processing power with Mobileye's advanced automotive computer vision systems, and its partnerships with carmakers, as something transformative. Krzanich said: "Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers".

NEWS SOURCE:mashable.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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