Home / Business / KOMO News said : Intel drops $15B on Mobileye in race for a driverless future

KOMO News said : Intel drops $15B on Mobileye in race for a driverless future

as mentioned in

BMW, Intel and Mobileye partnered last year, and Mobileye teamed up with Delphi Automotive to develop building blocks for a fully autonomous car.
In the deal, Intel Corp. will pay $63.54 for each share of Mobileye N.V., a 34 percent premium to its Friday closing price.
“This acquisition essentially merges the intelligent eyes of the autonomous car with the intelligent brain that actually drives the car,” Intel CEO Brian Krzanich wrote in a note to employees about the acquisition.
Automakers and some technology companies are testing autonomous vehicles in California, Michigan and a few other states.
Nearly all use Mobileye’s software, which reads inputs from cameras, radar, and laser sensors and makes decisions on what an autonomous car should do.

As it stated in

Intel drops $15B on Mobileye in race for a driverless future

Intel drops $15B on Mobileye in race for a driverless future*/

BMW, Intel and Mobileye partnered last year, and Mobileye teamed up with Delphi Automotive to develop building blocks for a fully autonomous car.
It moves Intel-Mobileye to at least parity with Google’s Waymo, Uber Technologies and car companies for autonomous car leadership, Carone said.
In the deal, Intel Corp. will pay $63.54 for each share of Mobileye N.V., a 34 percent premium to its Friday closing price.
“This acquisition essentially merges the intelligent eyes of the autonomous car with the intelligent brain that actually drives the car,” Intel CEO Brian Krzanich wrote in a note to employees about the acquisition.
Automakers and some technology companies are testing autonomous vehicles in California, Michigan and a few other states.

As it stated in

Intel drops $15B on Mobileye in race for a driverless future*/

The system steps on civil liberties and violates the constitutional right to trial.
In addition to the safety factor, the system brings needed revenue to the city.
Red-light violations have decreased by 43 percent since the system was put in.
There are good arguments for keeping the system and for abandoning it.
Several other cities have gotten rid of the cameras, and Killeen should, too.

collected by :John Locas

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