Intel Announces $250 Million Investment for Autonomous Driving
November 15 2016 - 2:04PM
Business Wire
Delivering his keynote address at the LA Auto Show’s
AutoMobility conference, Brian Krzanich, Intel Corporation chief
executive officer, today announced that Intel Capital is targeting
more than $250 million of additional new investments over the next
two years to make fully autonomous driving a reality. This is the
first time Intel is keynoting at an automotive conference,
signifying how critical the automotive market has become for the
company.
These investments will drive the development of technologies
that push the boundaries on next-generation connectivity,
communication, context awareness, deep learning, security, safety
and more. Drilling down into the areas that will be fueled by the
fresh investments, Krzanich highlighted technologies that will
drive global Internet of Things (IoT) innovation in transportation;
areas where technology can directly mitigate risks
while improving safety, mobility, and efficiency at a reduced
cost; and companies that harness the value of the data to improve
reliability of automated driving systems.
Addressing a large crowd of automotive and technology industry
representatives, Krzanich talked about how the automotive industry
is on the cusp of a major transformation, demanding unprecedented
levels of computing, intelligence and connectivity. With the
variety of sensors, sonar, LIDAR and cameras that will come
embedded in autonomous cars, he highlighted the need for the
industry to be prepared for the data deluge with over 4,000 GB of
data coming from a single car each day.
The announcement is part of Intel’s ongoing work with automakers
and system suppliers to help integrate advanced technologies into
cars.
Press kit: Automated Driving at Intel
Brian Krzanich Editorial: Data is the New Oil in the
Future of Automated Driving
About Intel
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intel.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161115006586/en/
Intel CorporationDanielle Mann,
973-997-1154danielle.mann@intel.com
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