Benteler, Beep and Mobileye to develop and deploy autonomous movers to address micro-transit needs across communities.
Volkswagen Group applies mapping tech to ADAS, while Ford and Zeekr announce new Mobileye-based production programs.
During an investor summit today at Mobileye headquarters in Jerusalem, Mobileye President and CEO Professor Amnon Shashua projected significant and sustained revenue growth for the next decade.
And why your first autonomous ride will likely be in a robotaxi.
The institute will combine three state universities, the Department of Transportation, Department of Public Safety, Commerce Department and Arizona companies working on automated cars, trucks and drones, officials told Azcentral.com.
In this commentary from Intel Corp., Jack Weast, a senior principal engineer and the chief systems architect for Intel’s Autonomous Driving Group, discusses the difference between the theory and practice of autonomous vehicle technology.
Fiat Chrysler Automobiles To Join BMW Group, Intel And Mobileye In Developing Autonomous Driving Platform
The development partners intend to leverage each other’s individual strengths, capabilities and resources to enhance the platform’s technology, increase development efficiency and reduce time to market.
The project will mesh Mobileye’s “proprietary capabilities” in computer vision, sensing, fusion, mapping and driving policy “with Intel’s leading open-compute platforms and expertise in data center and 5G communication technologies to deliver a complete ‘car-to-cloud’ system,” Intel said.
“With Mobileye, Intel emerges as a leader in creating the technology foundation that the automotive industry needs for an autonomous future,” said Intel CEO Brian Krzanich. “It’s an exciting engineering challenge and a huge growth opportunity for Intel. Even more exciting is the potential for autonomous cars to transform industries, improve society and save millions of lives.”
Intel Announces Approval For Proposed Acquisition Of Mobileye Under Israel Restrictive Trade Practices Law
The approval from the Israeli Antitrust General Director satisfies a condition to the closing of the previously announced all cash tender offer by Cyclops Holdings LLC, a wholly owned subsidiary of Intel, to purchase all of the outstanding ordinary shares of Mobileye.
When 5G arrives, we will all get the chance to experience something akin to the superpowers I used to chat about with my boys when they were little. It will bring to our autonomous driving world superpower-like connectivity, giving cars a near-instant advantage of time and information – kind of like a “sixth sense.”
Pursuant to the agreement, a subsidiary of Intel will commence a tender offer to acquire all of the issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash, representing an equity value of approximately $15.3 billion and an enterprise value of $14.7 billion.