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takyon writes:

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.

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