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Intel plans new $250M autonomous driving investment

Published 11/15/2016, 02:50 PM
Intel plans new $250M autonomous driving investment
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  • Disclosed by Intel (INTC +1.2%) CEO Brian Krzanich at the LA Auto Show’s AutoMobility conference, marking the first time the company has represented a keynote participant at an automotive conference. Intent "to make fully autonomous driving a reality" indicated.
  • Multiple investments will be made over the next two years.
  • Next-generation connectivity, context awareness, deep learning, security and safety developments targeted.
  • Highlighting the automotive industry as one at the point of substantial transformation, Krzanich points out the increasing demand for computing, intelligence and connectivity.
  • Within the industry so far, Intel has recorded $1B in design win revenue over the last 12 months and maintains 49 wins from BMW, Daimler, Hyundai, Infiniti, Jaguar, Kia, Lexus, Mini Cooper, Rolls Royce (LON:RR), Toyota, Tesla (NASDAQ:TSLA) and elsewhere.
  • Data is the New Oil in the Future of Automated Driving [Brian Krzanich]

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