SANTA CLARA, Calif., and JERUSALEM, Aug. 8, 2017 -- Intel Corporation (NASDAQ: INTC) and Mobileye N.V. (NYSE: MBLY) today announced the completion of Intel's tender offer for outstanding ordinary shares of Mobileye, a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. Mobileye will support and build on 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. Based on information provided by the American Stock Transfer & Trust Co., LLC, the depositary for the tender offer, a total of 187,882,291 Mobileye ordinary shares (excluding Mobileye ordinary shares tendered pursuant to guaranteed delivery procedures), representing approximately 84 percent of the outstanding Mobileye ordinary shares, had been validly tendered and had not been validly withdrawn as of the expiration of the initial offering period (excluding 26,424,016 ordinary shares, representing approximately 12 percent of the aggregate number of ordinary shares outstanding, tendered pursuant to guaranteed delivery procedures that have not yet been delivered in settlement or satisfaction of such guarantee). Information about Intel can be found at newsroom.Intel.com Mobileye N.V. is the global leader in the development of computer vision and machine learning, data analysis, localization and mapping for Advanced Driver Assistance Systems and autonomous driving.
Software firm NuTonomy, which works with several car companies including Renault SA, had said it planned to launch commercial service next year, without being more specific on timing. Iagnemma in an interview said he hoped paid self-driving rides would start in the second quarter, although it could be the third or fourth.
Elon Musk recently commented on Twitter (twtr) that artificial intelligence (AI) is more dangerous than North Korea. The AI technologies of today are simply not advanced enough or sufficiently embedded into our society for that to happen. Arguably the greater threat from AI comes from developing machines that are better decision makers than we are. Whether it arrives today or in decades, the threat posed by AI is real.
In this April 30, 2015, file photo, Tesla Motors CEO Elon Musk unveils the company's newest products, in Hawthorne, Calif. In this April 30, 2015, file photo, Tesla Motors CEO Elon Musk unveils the company's newest products, in Hawthorne, Calif. One of Tesla CEO Elon Musk's companies, the nonprofit start-up OpenAI, manufactures a device that last week was victorious in defeating some of the world's top gamers in an international video game (e-sport) tournament with a multi-million-dollar pot of prize money. It was not long before philosopher Hilary Putnam would hypothesize the mind is a Turing Machine (and a Turning Machine just is, for all intents and purposes, what we call a computer today). And if we are, then what are we going to do if some clever young person some where -- maybe a young lady in North Korea -- writes a program to turn things off?
The liability question comes into play in almost every type of business, especially as leaders move toward sophisticated solutions powered by artificial intelligence. For some software-reliant businesses, however, accepting liability is part of providing high-quality customer service. One company that exemplifies this approach is Signifyd, an artificial intelligence platform that protects e-commerce merchants against credit card fraud. From autonomous cars to financial advice to fraud risk, artificial intelligence is making a serious impact on the way businesses serve their customers.
New ways to deliver stuff may not help traffic, and yet: General Motors' Maven mulls entry into a crowded ridehail and on-demand delivery market, Reuters reports. More in traditional automakers gone Silicon Valley: Fiat Chrysler says it will join a potent alliance between BMW, chipmaker Intel, and the tech and sensor mavens at Mobileye to build self-driving cars. New ways to deliver stuff may not help traffic, and yet: General Motors' Maven mulls entry into a crowded ridehail and on-demand delivery market, Reuters reports. More in traditional automakers gone Silicon Valley: Fiat Chrysler says it will join a potent alliance between BMW, chipmaker Intel, and the tech and sensor mavens at Mobileye to build self-driving cars.
These and other findings are from the McKinsey Global Institute Study, and discussion paper, Artificial Intelligence, The Next Digital Frontier (80 pp., PDF, free, no opt-in) published last month. The report cites many examples of internal development including Amazon's investments in robotics and speech recognition, and Salesforce on virtual agents and machine learning. The following is a heat map showing the relative level of AI adoption by industry and key area of asset, usage, and labor category. McKinsey found that companies who benefit from senior management support for AI initiatives have invested in infrastructure to support its scale and have clear business goals achieve 3 to 15% percentage point higher profit margin.
Tech and automotive companies have quietly been trialing autonomous trucks since 2015. But, a new kind of driverless truck is designed to stick out like a sore thumb. While you read this, an autonomous impact protection vehicle is making its way around Colorado. With this trial, the state is now the first to test a connected impact protection vehicle without a support driver at the wheel.
Instead, he comes off as optimistic about the company he founded with Peter Rander, who, as former engineering lead at the Uber Advanced Technologies Group, helped bring the ride-hail company's first-generation self-driving prototypes to public roads. In broad terms, Argo is developing self-driving technology that Ford can use to deploy fully autonomous Level 4-capable vehicles for commercial on-demand service. Ford has also charged Argo with how to create high-definition maps, keep them "fresh," and sustain that over time, Ford's CTO and vice president of research and advanced engineering Ken Washington said during a presentation at The Information's autonomous vehicle summit in June. Not long after leaving Google, Salesky and Rander started their new company with a small investment from an undisclosed source; neither Salesky or Ford will identify the source of the seed money.
In 2012 the engineers working on Google's self-driving car realised they had a problem. And before those fully autonomous cars arrive and are widely adopted, hundreds of thousands of lives will be lost that might have been saved. Decades from now, when fully autonomous vehicles are available everywhere, these stopgap measures won't be necessary. A truly autonomous car won't care if its passengers are watching the road.