"geekreply" said : Intel Acquires Autonomous Car Tech Giant Mobileye in $15B Buyout

Intel Acquires Autonomous Car Tech Giant Mobileye in $15B BuyoutIntel is well known for their computer chips. Pretty much every PC features Intel technology, but it looks as if the company has plans to expand into the self-driving car market. On Monday, Intel purchased autonomous technology developer Mobileye for a whopping 15 Billion dollars. This acquisition will give Intel a firm footing in the development race towards a future with autonomous driving. Intel is known almost exclusively for their computer chips, so this huge purchase is going to be a new arena for them.


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Mobileye on the road: Mobileye and Intel join forces

Last year, in fact, both Intel and Mobileye teamed up with BMW to develop self-driving cars. Intel and Mobileye have recognised that becoming large and powerful gives technology firms more leverage in this relationship. Mobileye is an attractive target because of what it does now and what it will soon be capable of. Google 's self-driving vehicles throw off data of their own. Having largely missed out on the transition to mobile devices, Intel may fear doing the same in autonomous cars.



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