Intel is slated to launch self-driving test vehicles in Europe later this year as part of its new venture after acquiring Israeli tech company Mobileye. The cars the chipmaker will use are from BMW, another partner in this big project. On Monday, Intel revealed that it has agreed to purchase Mobileye -- a company known for its autonomous driving, anti-collision and other driving solutions -- for $15.3 billion. The announcement is seen as a desperate move by the renowned chipmaker to venture into the autonomous-driving sector after missing its chance to enter the mobile phones industry, as per Reuters. The combination of Intel and Mobileye is deemed fitting for both companies have what it takes to create top-of-the-line technologies for driverless vehicles.
Mar-13-2017, 15:50:03 GMT