Intel will buy Israel's Mobileye in a deal valued at about $15 billion, instantly propelling the computer chip and technology giant to the forefront of autonomous vehicle technology.
The tech giant are clearly looking to invest in this disruptor to ensure their place at the top of the tree.
Automakers and some technology companies are testing autonomous vehicles in California, Michigan and a few other states. Nearly all use Mobileye's software, which reads inputs from cameras, radar, and laser sensors and makes decisions on what an autonomous car should do.
Jerusalem-based Mobileye says it has contracts with 27 different automakers. It also controls about 70 per cent of the market for software that runs automatic emergency braking and semi-autonomous cruise control systems that are in cars and trucks on the road today.
Could this be the investment and focus the driverless car needs to propel it into the mainstream?
Guess we’ll have to wait and see
By Rob Booth - LinekedIn: https://www.linkedin.com/in/rob-booth-2193982/