Intel buys Mobileye
Intel's involvement in computer vision and autonomous vehicle technology is now moving to the next level as the tech giant signs a definitive agreement to acquire Israeli company Mobileye. The two companies have been working together for a while now, currently teaming up with BMW to bring a fleet of around 40 self-driving test vehicles on the road by the end of 2017.
According to Intel, "The acquisition will couple the best-in-class technologies from both companies, including Intel’s high-performance computing and connectivity expertise and Mobileye’s leading computer vision expertise to create automated driving solutions from the cloud through the network to the car."
The value of this corporate purchase is estimated to be around $15 billion, but since the deal is subject to customary closing conditions, it is not expected to be sealed until the end of the year. Mobileye will not be integrated into Intel since Intel's Automated Driving Group will join Mobileye instead.