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Israel: Intel moves into autonomous driver market

By  |  March 13, 2017

Intel is buying the Israeli autonomous-driving company Mobileye for $63.54 a share in cash, or about $15.3 billion.

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    The Jerusalem-based company develops vision-based driver-assistance tools to provide warnings before collisions.

    Intel CEO Brian Krzanich said in a statement, “Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers.”

    Full Content: Business Insider

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