Driving into the future

Automatic cars are the next target for IT firms

Business Standard Editorial Comment 

Chip maker Intel announced last week that it is taking Israeli firm, Mobileye, by paying about $15.3 billion in an all-cash deal. This may seem a high price since Mobileye’s 2016 revenues amounted to just $350 million. But Mobileye's revenues grew by 49 per cent last year and it holds more than a 70 per cent market share in visual-processing software for self-driving vehicles. Intel makes “artificial eye” chips for drones and cars. Mobileye supplies sensors and software to 26 large automobile manufacturers and its proprietary algorithms compress data from sensors and ...

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Driving into the future

Automatic cars are the next target for IT firms

Automatic cars are the next target for IT firms Chip maker Intel announced last week that it is taking Israeli firm, Mobileye, by paying about $15.3 billion in an all-cash deal. This may seem a high price since Mobileye’s 2016 revenues amounted to just $350 million. But Mobileye's revenues grew by 49 per cent last year and it holds more than a 70 per cent market share in visual-processing software for self-driving vehicles. Intel makes “artificial eye” chips for drones and cars. Mobileye supplies sensors and software to 26 large automobile manufacturers and its proprietary algorithms compress data from sensors and ... image
Business Standard
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