Monday, March 13, 2017

Intel goes into self-driving cars with $15B buyout of the firm that built Tesla Autopilot

It seems Intel is gearing up to venture into the autonomous car market big time. The company has purportedly acquired Tesla contractor and computer vision developer Mobileye for a staggering $15 billion, Reuters reports. Intel is expected to announce the buyout – that will make Mobileye the largest ever acquisition for an Israeli tech company – later on Monday, according to local financial outlet TheMarker. Mobileye solidified its status as a leading supplier of collision-avoidance car systems after building the tech that powers the first version of Tesla’s flagship Autopilot feature. The two partners later went their own ways following a highly…

This story continues at The Next Web

Or just read more coverage about: Intel,Tesla

No comments:

Post a Comment