Intel Diving Deeper Into IoT And Self-Driving Cars With Itseez Computer Vision Startup Acquisition

Intel has a plan to become increasingly relevant in the Internet of Things (IoT) and autonomous car market, so it took over Itseez, a startup that specializes in computer vision and machine learning. No official information is available regarding the financial details of the transaction. Itseez started out in San Francisco in 2005 and gained expertise in computer vision algorithms and software. Its advanced driver assistance systems (ADAS) consist of a series of auto algorithms that make sure the car hardware detects and interprets the visual information correctly. Such information could be anything from traffic lights or signs to pedestrians, stray dogs or balls rolling in the middle of the street.