• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, July 19, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Intel to Acquire Mobileye for $15.3 billion!

by Chinmay Bidkar
March 14, 2017
in News
Reading Time: 2 mins read
0
Intel to Acquire Mobileye for $15.3 billion!
TwitterWhatsappLinkedin

You might also like

Inside SpaceX Starbase’s Worker Injury Surge

Microsoft Shuts Down Movies & TV Store on Xbox and Windows

Apple Sues YouTuber Jon Prosser Over iOS 26 Leak

14 March 2017, Tuesday:

Intel and Mobileye today announced a definitive agreement under which Intel would acquire Mobileye for $15.3 billion.

Mobileye is 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 combination is expected to accelerate innovation for the automotive industry and position Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles. Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030.

Also read- SHIV AND STEVE’S EXCLUSIVE ON EINSTEIN AND WATSON’S COMBINED ARTIFICIAL INTELLIGENCE

Brian Krzanich, Intel CEO said, “This acquisition is a great step forward for our shareholders, the automotive industry and consumers. Intel provides critical foundational technologies for autonomous driving including plotting the car’s path and making real-time driving decisions. Mobileye brings the industry’s best automotive-grade computer vision and strong momentum with automakers and suppliers. Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers.”

Mobileye Co-Founder, President and CEO said, “We expect the growth towards autonomous driving to be transformative. It will provide consumers with safer, more flexible, and less costly transportation options, and provide incremental business model opportunities for our automaker customers. By pooling together our infrastructure and resources, we can enhance and accelerate our combined know-how in the areas of mapping, virtual driving, simulators, development tool chains, hardware, data centers and high-performance computing platforms.”

Prior to collaborating with Intel, Mobileye used to be the supplier of vision systems for Elon Musk’s Tesla Motors. However, the two companies ended their relationship last summer after Tesla learned of the death of a Tesla Model S driver who was using the Autopilot system prior a fatal accident. (Image- Vanguard Daily)

Also read- 5 SEO MISTAKES TO AVOID TO IMPROVE YOUR SEARCH RANKING
Tags: acquisitionAIIntelMobileyeSelf DriveSelf drive cars
Tweet54SendShare15
Previous Post

Florintree Leads INR 22 Crore Investment Round In Palred Technologies

Next Post

Marissa Mayers to get $23 million Severance package Post Verizon-Yahoo deal!

Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

Recommended For You

Inside SpaceX Starbase’s Worker Injury Surge

by Anochie Esther
July 19, 2025
0
Starbase

SpaceX’s Starbase facility in Texas is the nerve center of one of the most ambitious aerospace projects in history the development of the Starship rocket, a fully reusable...

Read more

Microsoft Shuts Down Movies & TV Store on Xbox and Windows

by Anochie Esther
July 19, 2025
0
Microsoft

In a move that has caught many users off guard, Microsoft has officially shut down its Movies & TV store on Xbox consoles and Windows PCs. As of...

Read more

Apple Sues YouTuber Jon Prosser Over iOS 26 Leak

by Anochie Esther
July 19, 2025
0
iOS 26

Apple has launched a federal lawsuit against well-known tech YouTuber Jon Prosser, accusing him of participating in a scheme to illegally access confidential features of iOS 26, months...

Read more
Next Post
Marissa Mayers to get $23 million Severance package Post Verizon-Yahoo deal!

Marissa Mayers to get $23 million Severance package Post Verizon-Yahoo deal!

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?