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Mar 13, 2017

Making autonomous car play, Intel offers $15B for Mobileye

Posted by in categories: robotics/AI, transportation

DETROIT (AP) — Computer chip maker Intel paid handsomely for a piece of the next big thing Monday as it offered more than $15 billion for Mobileye, an Israeli company at the forefront of autonomous vehicle technology.

The purchase, scheduled to close by year’s end, creates another major player in self-driving technology as traditional automakers and tech companies vie to put the cars into public use. Most companies have predicted autonomous vehicles will be carrying people in the next three-to-five years.

The big investment by Intel validates predictions that autonomous cars will someday come in large numbers, signifying a sea change in the way we all get around, said Timothy Carone, a Notre Dame University professor who has written about the future of automation. “Major players are finding ways finding ways to position themselves for a change as seminal as the personal computer revolution,” he said.

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