Fiat Chrysler joins Intel and BMW to develop self-driving cars

Fiat Chrysler Automobiles (FCA) is teaming up with BMW Group, Intel, and Mobileye to develop autonomous cars. The move brings a huge carmaker into Intel's camp in the race to make self-driving cars, which could spawn a giant economy in the coming decades. Intel acquired Mobileye for $15.3 billion to boost its competence in computer vision, and it will use that technology to help develop the autonomous car platform in cooperation with the carmakers. "The future of transportation relies on auto and tech industry leaders working together to develop a scalable architecture that automakers around the globe can adopt and customize," said Intel CEO Brian Krzanich, in a statement. "We're thrilled to welcome FCA's contribution, bringing us a step closer to delivering the world's safest autonomous vehicles."