Intel announces $250 million investment for autonomous driving

Intel has announced an investment of more than $250 million to make fully autonomous driving a reality, which includes the development of new technologies for connectivity, communication, context awareness, deep learning, security and safety. The company believes that the automotive industry is on the cusp of a major transformation, demanding unprecedented levels of computing, intelligence and connectivity.

Intel announces $250 million investment for autonomous driving - IEEE Connected Vehicles

Intel has announced more than $250 million of additional new investments over the next two years to make fully autonomous driving a reality. These investments will drive the development of technologies that push the boundaries on next-generation connectivity, communication, context awareness, deep learning, security, safety and more.

Drilling down into the areas that will be fueled by the fresh investments, the company highlights technologies that will drive global Internet of Things (IoT) innovation in transportation; areas where technology can directly mitigate risks while improving safety, mobility, and efficiency at a reduced cost; and companies that harness the value of the data to improve reliability of automated driving systems.

The company believes that the automotive industry is on the cusp of a major transformation, demanding unprecedented levels of computing, intelligence and connectivity. With the variety of sensors, sonar, LIDAR and cameras that will come embedded in autonomous cars, they claim there is a need for the industry to be prepared for the data deluge with over 4,000 GB of data coming from a single car each day.

Source: https://newsroom.intel.com/news/intel-announces-250-million-investment-autonomous-driving/