Were you unable to attend Transform 2022? Check out all of the summit sessions in our on-demand library now! Today's demand for real-time data analytics at the edge marks the dawn of a new era in machine learning (ML): edge intelligence. That need for time-sensitive data is, in turn, fueling a massive AI chip market, as companies look to provide ML models at the edge that have less latency and more power efficiency. Conventional edge ML platforms consume a lot of power, limiting the operational efficiency of smart devices, which live on the edge.

Intel CEO Brian Krzanich, BMW CEO Harald Krueger, and Mobileye CTO and cofounder Amnon Shashua pose after a press conference in Munich on July 1, 2016. Intel started making lots of noise about the autonomous car market last year. But it's a long slog getting into a market like automotive, where it can take years to get designed into a vehicle. On Monday, the chip giant announced it would just buy its way into the market with a $15.3 billion acquisition of Mobileye, a leading provider of advanced driver assistant systems based in Israel. A massive consolidation spree is sweeping the semiconductor industry.