Despite Intel’s recent acquisition of the self-driving tech pioneer Mobileye, the company is apparently still (or perhaps actually because of that) working with other firms on related projects.
When it comes to giving control over to automation, there are quite a few things that we as humans have been happy to let go of. For example, a lot of factory work, farming, and other more menial tasks are now taken care of by robotic automation. But there is one area that the vast majority of people feel uncomfortable relinquishing control of, and that’s driving. According to one study by the AAA, 75% of Americans are afraid to travel in a self-driving car. Given that autonomous cars are an imminent part of our future, getting people to accept that fact and be willing to use them is a challenge to overcome.
Intel’s acquisition of outstanding ordinary shares of Mobileye NV is now complete, which should soon make some of the goals of the acquisition more clear. With that in mind, the newest press release (revealing the completion of the tender offer) states that Intel estimates the “vehicle systems, data, and services market opportunity to be up to $70 billion by 2030.”
The Israel-based self-driving vehicle technology firm Mobileye reported a notable jump in quarterly profit last quarter that eclipsed earlier estimates — primarily as a result of increasingly strong sales of its advanced driver assisted systems.
Intel’s new Advanced Vehicle Lab in Silicon Valley, a “cutting edge” facility dedicated to the development of self-driving vehicle tech (amongst other things), was recently unveiled by the company.
Tech giant Intel has come to agreement with the Israel-based self-driving vehicle and machine learning firm Mobileye to acquire it — for ~$15 billion.
A 40-strong fleet of autonomous BMW test vehicles will be “on the roads” by the second half of the year, according to a new joint announcement from BMW Group, Intel, and Mobileye. This fleet of self-driving BMW 7 Series cars will be tested in the US and Europe.
Major businesses are embracing renewable energy in a big way – and discovering there’s an awful lot of green to be made in a clean energy-powered economy.
Pop quiz: You arrive at the annual church picnic in your brand new Tesla. You park amidst a variety of gasoline, hybrid, and plug-in hybrid vehicles. Having the only pure electric vehicle at the event, you are soon surrounded by a crowd of gawkers, cooing and praising your beautiful automobile. … [continued]
BMW will be working with Intel and Mobileye on the development of new autonomous driving technology to be used in a new BMW model that’s expected to be launched in 2021, according to recent reports. The model will be part of BMW’s new iNEXT platform, and will presumably be followed … [continued]
