Intel has completed its acquisition of Mobileye, and is planning to build a fleet of 100 "Level 4" autonomous vehicles:
Fresh off its acquisition of auto-visual company Mobileye, Intel announced today that it will build a fleet of Level 4, fully self-driving vehicles for testing in the US, Israel, and Europe. The first vehicles will hit the road later this year, and the fleet will eventually scale to more than 100 automobiles.
The cars will be Level 4 autonomous, meaning that they will be capable of handing most driving situations themselves, whereas Level 5 is largely theoretical and covers complete automation in any condition.
Intel announced plans to acquire Israel-based Mobileye for $15.3 billion back in March. That deal just closed on Tuesday, spurring the chipmaker to begin making aggressive moves in the emerging self-driving market that Intel itself predicted will come to be worth over $7 trillion. Intel previously said it will spend $250 million over the next two years on the development of autonomous vehicles.
Also at Intel Newsroom.
(Score: 2) by takyon on Friday August 11 2017, @08:25AM (2 children)
Seven treeeeeeeellion dollars!
This is the same company that has its chips in every smartphone and 50 IoT devices in every household!
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 0) by Anonymous Coward on Friday August 11 2017, @08:47AM
in the home and the datacenter, their stretch goals (like autonomous cars, maker boards, Antivirus, etc) are looking less like lucrative moneymakers and more like the goatse.cx guy's stretched anus.
(Score: 2) by c0lo on Friday August 11 2017, @08:55AM
Lehman Brothers had $275 billion just before its "house prices can't go down" collapse.
In USA only, the GFC wiped out $8.3 trillion from savings, asset investment and retirement savings [wikipedia.org] (stock investment not included).
This is to say that one can go bust, no matter at how much money it is valued or how large is the estimated pot on the table
Yeah, sure, Intel and Google may afford to bet on autonomous cars feasibility. But I wouldn't invest any of my money as yet.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford