The american giant of the computer chips Intel announced on Wednesday its intention to test a fleet of 100 autonomous cars, starting this year, thanks to the acquisition of the israeli company Mobileye, which specializes in collision warning systems.
The fleet could be composed of more than 100 vehicles, he said.
Hot Performer of the day: Sunstone Hotel Investors Inc. (SHO)
Bollard Grp Ltd Liability reported 345 shares stake. 4,737 are owned by Gradient Investments Ltd Liability Corporation. The stock of Sunstone Hotel Investors Inc (NYSE:SHO) has "Outperform" rating given on Thursday, January 7 by Robert W.
The first of these cars are set to hit the roads later this year in Arizona, where self-driving vehicle testing is popular. BMW, Nissan, and Volkswagen vehicles are likely test mules, because those carmakers already have a relationship with Mobileye.
Intel will be using different brands and vehicle types for its tests to help demonstrate the "agnostic nature" of this technology.
Mark Hughes: 'Stoke City unlikely to sign Fabian Delph'
Out of respect they came and did that, and we would like to think because of the answer they got they would respect our position'. If players are available who can come into the first XI we would look at that'.
Intel Corp further extended its offer to buy out remaining shareholders of Mobileye NV after securing 84 percent of the acquisition target's shares. Intel believes the vehicle systems, data and services market could be worth north of $70 billion by 2030. The project will "combine proprietary capabilities from Mobileye including computer vision, sensing, fusion, mapping and driving policy along with Intel's leading open compute platforms and expertise in data center and 5G communication technologies to deliver a complete "car-to-cloud" system".
Intel's acquisition is created to propel the growing initiative for the autonomous driving industry, while also making the company a more well-rounded technology provider that can compete with other industry heavyweights.
Missouri Congressman expects United States to shoot down North Korea's missiles
North Korea is threatening to unleash four missiles near the USA territory of Guam within days. L3 Technologies ( LLL ), which provides intelligence and surveillance systems, jumped 4.1%.
Mobileye would remain headquartered in Israel and led by Professor Amnon Shashua who will serve as Intel senior vice president and Mobileye CEO and chief technology officer.