Intel buys mobileye in $15.3bn deal

Intel has agreed Monday to pay $ 15.3 billion to Mobileye, a leading provider of driver assistance and self-driving.

Mobileye boasts its reputation through its EyeQ technology which uses proprietary image recognition software to help self-driven cars see the world and the company is already a supplier to more than 20 automotive manufacturers and automotive supply companies. Intel was first involved with Mobileye last summer when the two joined forces to help develop auto-driving cars with BMW.

As auto-driving technology evolves it will grow to rely on various data that experts estimate an average of more than 4000 GB per day as early as 2020. Data will come from very detailed 3D maps, vehicle-to-vehicle (V2V ) And vehicle-infrastructure communication (V2I), and advanced monitoring systems. Powerful and reliable computers process incoming data and then by Artificial Intelligence make decisions to control the vehicle.

Thus, the latest deal will position Intel as a leader in the field by combining its data crunching capabilities with Mobileye's sensor technology. In a statement, the combined companies reported having skills covering connectivity, computer vision, data center, sensor fusion, high performance computing, location and mapping (via the Mobileye partnership with ICI) , Automatic learning and artificial intelligence.

As part of the deal, Intel will transfer its own car-driven car to the headquarters of Mobileye in Israel. The combined team will be led by Mobileye president CTO and founder Amnon Shashua.

Intel estimates that market opportunities for vehicle systems, data and services will reach $ 70 billion by 2030. This is why there are many competitors in this space, including some car Exclusive self-regulatory systems and technology giants Uber, Nvidia, Apple (most likely), and a handful of small businesses.