Urban Mobility
Brings together Mobileye’s leading computer vision expertise with Intel’s high- performance computing and connectivity expertise to create automated driving solutions from cloud to car. Positions Intel to accelerate innovation for automakers and to capture fast-growing market opportunity, estimated to be up to $70 billion by 2030. Acquisition expected to be accretive to Intel’s non-GAAP EPS and free cash flow immediately.
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Delphi Automotive PLC and Mobileye NV are teaming up to work on producing off-the-shelf systems for everything from small cars to sport utilities and pickup trucks beginning 2019—and help them carve out a central role in the race to supply technology for driverless vehicles. The pair will jointly invest “several hundred million dollars” in the effort, but a spokesman declined to provide other
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Continental AG is working with U.S. and European carmakers on self-driving car projects that could compete with the coalition between BMW AG, camera-software company Mobileye NV and chipmaker Intel Corp. The pilot projects could be formalized into fully-fledged partnerships as early as this year, Continental Chief Financial Officer Wolfgang Schaefer said Wednesday. Europe’s second-biggest car parts supplier, the German company
Read moreMobileye NV said it would no longer provide its computer chips and algorithms to Tesla after a current contract ends due to disagreements about how the technology was deployed. Mobileye provides core technology for Tesla’s Autopilot system, which allows cars to drive themselves in limited conditions. It isn’t clear when Mobileye’s current contract with Tesla ends; a next generation Mobileye
Read moreLast week’s report of the first fatal accident involving Tesla Motors’s Autopilot feature could have posed a major problem. Mobileye’s chips and software help power Tesla’s automated driving features. The company’s technology hasn’t been implicated as being at fault, but the accident is serving as a stark reminder of the limitations of self-driving systems and the dangers posed when those
Read moreBMW is set to announce an alliance to develop self-driving cars with collision detection specialist Mobileye and computer chip maker Intel, a source familiar with the matter said, as the race to put driverless cars on the road heats up. The tie-up is likely to focus on technology being developed by Mobileye to give computer-driven vehicles better reflexes without driver
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