Intel to spend $250 million to develop self-driving vehicles

by SpeedLux
Intel logo

In a speech during the Los Angeles Auto Show recently, Intel CEO Brian Krzanich stated his company will invest $250 million over the next 2 years towards the creation of self-driving automobiles. It’s a substantial amount of cash and an apparent sign that the computer chip maker is serious about playing a big role in the future of vehicles.

However that doesn’t indicate that Intel is about to develop its own fleet of self-driving cars. After all, the procedure of developing a car from scratch is incredibly complex and expensive. Intel seems like it’s more interested in what goes into the technology that powers a self-driving car than constructing the vehicle itself.

In a declaration, Intel states the financial investment will help push the borders on next-generation connection, communication, context awareness, deep learning, security, safety and more. In short words, Intel wishes to be the business that processes the information powering the self-driving automobiles made by automakers like BMW. Previously, the German automaker stated it was collaborating with Intel and Mobileye, the Israeli supplier of driver assistance systems and sensors that provides a large percentage of the vehicle market, to produce totally autonomous cars by 2021.

Intel isn’t the only tech business investing greatly in self-driving cars. Almost every car manufacturer and tech startup is dealing with the innovation as well.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More