Intel ventures into autonomous driving to take on Google, Tesla - The Financial Express

Intel ventures into autonomous driving to take on Google, Tesla

Mobileye will continue to use and develop both companies’ existing technology and customer relationships with automakers, tier‑1 suppliers and semiconductor partners to develop advanced driving assist, highly autonomous and fully autonomous driving programs.

By: | Published: August 9, 2017 3:49 PM

 

Technology provider Intel Corporation will now be venturing into the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. The company has acquired Mobileye N.V. that will help Intel to accelerate growth to develop fully autonomous vehicles. Mobileye's computer vision expertise will tag along with Intel's vast experience in computing and connectivity solutions to create automated driving solutions from cloud to car. Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030. Intel’s Automated Driving Group (ADG) will combine its operations with Mobileye, an Intel Company. Mobileye will lead Intel’s autonomous driving efforts, and will have the full support of Intel resources and technology to define and deliver cloud-to-car solutions for the automotive market segment. Mobileye will remain headquartered in Israel. Prof. Amnon Shashua will serve as Intel senior vice president and Mobileye CEO and chief technology officer. “With Mobileye, Intel emerges as a leader in creating the technology foundation that the automotive industry needs for an autonomous future,” said Intel CEO Brian Krzanich. “It’s an exciting engineering challenge and a huge growth opportunity for Intel. Even more exciting is the potential for autonomous cars to transform industries, improve society and save millions of lives.”

In addition, Ziv Aviram, Mobileye co-founder, president and CEO, is retiring from the company, effective immediately. “Leading in autonomous driving technology requires a combination of innovative proprietary software products and versatile open-system hardware platforms that enable customers and partners to customize solutions,” said Prof. Amnon Shashua. “For the first time, the auto industry has a single partner with deep expertise and a cultural legacy in both areas. Mobileye is very excited to begin this new chapter.”

Mobileye will continue to use and develop both companies’ existing technology and customer relationships with automakers, tier‑1 suppliers and semiconductor partners to develop advanced driving assist, highly autonomous and fully autonomous driving programs.

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