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Intel places $15 billion bet on computer vision

http://gfxspeak.com/2017/03/13/places-billion-computer/

Posted: 03.13.17

Jerusalem-based Mobileye has emerged as a leader in computer vision for transportation; now it will be part of Intel.

Intel and computer vision specialist Mobileye today announced Intel will acquire Mobileye in an all-cash offer for approximately $15.3 billion. An Intel subsidiary will make an offer for all outstanding ordinary shares of Mobileye stock for $63.54 per share in cash. Intel says it is acquiring “best-in-class technologies” from Mobileye, whose technology is a market leader in transportation vision data services. The stated goal is to create automated driving solutions that operate from the cloud through the network to the car.