Items tagged with mobileye
Back in March, Intel made its pursuits in autonomous driving well known to the world by acquiring Israeli company Mobileye for a healthy $63.54 per share, representing an equity value of $15.3 billion. Intel has had some missteps these past few years, having bowed out of the wearable market, and even the DIY market, but the reach of the autonomous vehicle market is immense, and it's one area where Intel could make its mark. Even if it's getting into things a lot later than a good chunk of its competition. Mobileye, Intel, and BMW showing off an autonomous vehicle prototype The company is wasting very little time putting Mobileye to work now that its acquisition has been finalized, announcing...
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Intel on Monday announced it has entered into a definitive agreement to purchase Mobileye, an Israeli technology company that develops vision-based advanced driver assistance systems providing warnings for collision prevention and mitigation. Combined with Intel's high performance computing solutions and expertise in connectivity, the Santa Clara chip maker envisions creating automated driving solutions from cloud to car. As part of the agreement, a subsidiary of Intel will purchase all issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash. That represents an equity value of around $15.3 billion, and an enterprise value of $14.7 billion. It's a big spend, though the...
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As anyone who's ever been in a committed relationship that eventually ended can attest, breakups aren't always smooth or amicable. The same goes in the business world. Proof of that is playing out right before our very eyes as Tesla Motors and Mobileye engage the media in a game of he-said-she-said over why the two parted ways. According to Tesla, it has nothing to do with safety concerns related to the automaker's Autopilot technology, as Mobileye indicated to the press a day earlier.From Tesla's perspective, Mobileye is acting like a scorned ex-lover and ticked at the automaker's decision to use its own vision system in future versions of Autopilot, a self-driving vehicle technology that's...
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Mobileye parted ways with Tesla not long after the first death was reported of a driver using Tesla’s Autopilot system. At the time, Mobileye didn’t exactly explain its reasoning (although it was pretty obvious) and Tesla CEO Elon Musk stated that Mobileye simply couldn’t keep up with this company’s rapid advancements in technology for its vehicles and that “our parting ways was inevitable.” This week, Mobileye chief technology officer Amnon Shashua has shed additional light on why it decided to leave Tesla at the altar. Shashua accused Tesla of “pushing the envelope in terms of safety” and that Autopilot “is not designed to cover all possible crash situations in a safe manner.” Shashua seems...
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Many companies throughout the world are jumping on the self-driving vehicle bandwagon. Dutch company Mobileye and British company Delphi Automotive just announced a partnership to develop its own system for fully autonomous vehicles. The system should be ready to showcase at the 2017 Consumer Electronics Show in Las Vegas and ready for production by 2019. Kevin Clark, Delphi President and Chief Executive Officer, remarked, “This partnership will allow us to give our customers an increased level of automated capabilities faster and more cost effectively. The collective expertise of our two organizations will accelerate the creation of new approaches and capabilities that would likely not...
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