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General

Intel Capital to invest USD 250 mln in autonomous driving

Wednesday 16 November 2016 | 09:04 CET | News
Intel CEO Brian Krzanich announced that Intel Capital, the chipmaker's venture capital arm, is targeting more than USD 250 million of additional new investments over the next two years to make fully autonomous driving a reality. Krzanich made the announcement in a keynote address at the LA Auto Show's AutoMobility conference, in an attempt to underline "how critical the automotive market has become for the company", Intel said in a statement. The investments will support the development of next-generation connectivity, communication, context awareness, deep learning, security, safety and

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Categories: General
Companies: Intel
Countries: World
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