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

Intel will buy Israel's Mobileye in a deal valued at about $15 billion, instantly propelling the computer chip and technology giant to the forefront of autonomous vehicle technology. The deal announced Monday combines Mobileye's market-leading software that processes information from cameras and other sensors with Intel's hardware, data centers and its own software, giving automakers a one-stop place to shop for fully autonomous car systems. '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. A Mobileye camera system that can be installed in your car to monitor speed limits and warn drivers of potential collisions, mounted behind the rearview mirror. Intel is buying Mobileye in a deal announced Monday, March 13, 2017, and valued at about $14.09 billion, the latest push by a major tech company into autonomous vehicles that could change the way traffic moves globally.