Making autonomous car play, Intel offers $15B for Mobileye
March 12, 2017
DETROIT (AP) — Computer chip maker Intel paid handsomely for a piece of the next big thing Monday as it offered more than $15 billion for Mobileye, an Israeli company at the forefront of autonomous vehicle technology.
The purchase, scheduled to close by year's end, creates another major player in self-driving technology as traditional automakers and tech companies vie to put the cars into public use. Most companies have predicted autonomous vehicles will be carrying people in the next three-to-five years.
The big investment by Intel validates predictions that autonomous cars will someday...
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