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. The acquisition is expected to accelerate innovation for the automotive industry and positions Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles. The combination of Intel and Mobileye will allow Mobileye's leading computer vision expertise (the "eyes") to complement Intel's high-performance computing and connectivity expertise (the "brains") to create automated driving solutions from cloud to car. Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030. "With Mobileye, Intel emerges as a leader in creating the technology foundation that the automotive industry needs for an autonomous future," said Intel CEO Brian Krzanich.
University of Toronto graduate student Avishek "Joey" Bose, under the supervision of associate professor Parham Aarabi in the school's department of electrical and computer engineering, has created an algorithm that dynamically disrupts facial recognition systems. The project has privacy-related and even safety-related implications for systems that use so-called machine learning -- and for all of us whose data may be used in ways we don't realize. Major companies such as Amazon, Google, Facebook and Netflix are today leveraging machine learning. Financial trading firms and health care companies are using it, too -- as are smart car manufacturers. What is machine learning, anyway?
The arms race in Silicon Valley is on for artificial intelligence. Facebook is working on a virtual personal assistant that can read people's faces and decide whether or not to let them in your home. Google is investing in the technology to power self-driving cars, identify people on its photo service and build a better messaging app. Now Apple is adding to its artificial intelligence arsenal. The iPhone maker purchased Emotient, a San Diego maker of facial expression recognition software that can detect emotions to assist advertisers, retailers, doctors and many other professions.
I feel that there was a sort of explosion a couple of years ago after which the whole topic of Artificial Intelligence (AI) suddenly sprang into a wider audience's consciousness. All of a sudden we had Siri, Amazon's Alexa and we started talking about self-driving cars. Jaan Tallinn, how did it happen? There were two different explosions. I believe that a lot of the latter had to do with the works of Elon Musk and Stephen Hawking. Most importantly, the former was the revolution of deep learning.