Intel Launches Autonomous Car Group
Dec. 29,2016—Intel launched a new initiative this week focused on the technology behind autonomous vehicle systems.
The semiconductor company on Tuesday announced the formation of its Automated Driving Group, which "will be solely dedicated to innovating the future of driving and designing the next generation of advanced driver-assist systems and autonomous driving solutions," wrote Murthy Renduchintala, president of Intel's internet of things business, on Intel’s website.
Intel has been providing chips and software for many car brands, and expects to make in $1 billion in those deals by 2020.
In July, as Sci-Tech Today reports, the company partnered with BMW Group and crash-prevention tech company Mobileye, aiming to bring autonomous driving to the streets by 2021. Earlier this month at the Los Angeles AutoMobility conference, Intel CEO Brian Krzanich announced that Intel Capital, the company's investment arm, will pour more than $250 million into the self-driving car industry over the next two years. Intel also has acquired companies in the market, including Yogitech, Arynga and Itseez.