Intel throws down $15.3 billion to become a player in the self-driving car game

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Money keeps pouring in from companies trying to perfect the self-driving car.

Like, a ton of money.

The latest eye-popping transaction: Intel announced Monday that it was buying Israeli company Mobileye for $15.3 billion.

Mobileye’s systems, which are used by 27 carmakers, depend on specialized cameras to sense a car’s surroundings on the road. It’s the tech behind the emergency braking and lane assistance systems that are becoming more common in new vehicles.

The acquisition shouldn’t come as a huge surprise, since the two companies have been working together with BMW …

More about Bmw, Tesla, Computer Vision, Ford, and Waymo …read more

Via: Mashable: Tech

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