Intel to invest $250 million for autonomous vehicle technology

At the LA Auto Show AutoMobility conference on November 15, Brian Krzanich, CEO at Intel, announced that Intel Capital is targeting more than $250 million of new investments over the next two years to make fully autonomous driving a reality.

The investments made by Intel will “drive the development of technologies that push the boundaries on next-generation connectivity, communication, context awareness, deep learning, security, safety and more," according to the company.

"We are committed to providing end-to-end solutions that drive insights and create value from data," said Krzanich in a blog post. "Let Intel be your trusted partner as the world moves toward fully automated driving, and together data will improve safety, mobility and efficiency."

In his address, Krzanich spoke about how the automotive industry is on the cusp of a major transformation, which demands unprecedented levels of computing, intelligence, and connectivity. This includes technology such as sensors, sonar, LIDAR, and vision, which will come embedded into autonomous cars, which highlights the need for the industry to be prepared for the data deluge with more than 4,000 GB of data coming from a single car each day.

View the announcement.

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