Intel Acquires Mobileye For $15.3 Billion
The company moves one step closer to making autonomous cars a big deal.
If you're into the idea of a future where cars drive themselves and you can relax a bit more on your way to work, then you'll want to keep an eye on Intel. Today it was announced that the technology giant has acquired Israeli computer vision company Mobileye to the tune of $15.3 billion. This certainly isn't chump change, and it shows that the company is making some serious strides forward in its effort to make autonomous cars a reality.
Mobileye is a company that specializes in the visual tech side of smart car development, working on things such as distance keeping, adaptive cruise control, and the like. It's already utilized by plenty of major brands, and they actually joined with BMW and Intel last year in announcing plans to have self-driving cars in production by 2021. The new unit formed between Mobileye and Intel's Automated Driving Group will be headed up by the former's CTO and cofounder, Amnon Shashu.
Speaking on the acquisition, Mobileye CEO and cofounder Ziv Aviram said, “By pooling together our infrastructure and resources, we can enhance and accelerate our combined know-how in the areas of mapping, virtual driving, simulators, development tool chains, hardware, data centers and high-performance computing platforms. Together, we will provide an attractive value proposition for the automotive industry.”
There's been a big push towards this in general over the past couple years, so who knows, maybe automated cars aren't as far off as many think.