Mobileye, Intel Corp's Israel-based autonomous driving unit, has signed a contract to supply 8 million cars at a European automaker with its self-driving technologies, a company official told Reuters.
And Intel will track Ferrari racing by drone
Magna will help mass-produce the technology.
Recent study shows the risk-reward argument everyday consumers have over the tech.
Look for a finished product on the road by 2021.
All the data collected will be anonymized.
Mobileye CEO claims Tesla's Autopilot isn't a driverless system.
Tesla and Israel-based tech firm Mobileye will discontinue partnership on developing Autopilot-related software.
BMW, Intel, and Mobileye are jointly developing the technology and believe it will be fully ready in five years.
The collision-avoidance system could warn bus drivers of pedestrians and bicyclists. It could also help city planners prevent crashes before they happen.
New technology from General Motors and Mobileye could use a whole fleet of customer vehicles to create constantly updating maps of the road.
Israel-based vehicle safety technology company Mobileye (NYSE: MBLY) has successfully launched its Initial Public Offering on the New York Stock Exchange, raising approximately $890 million to value the company at a reported $5.3 billion.