Intel to buy driverless-car tech firm Mobileye for $15.3B
In a statement announcing its intent to purchase Mobileye, Intel said that the acquisition will merge "Intel's high-performance computing and connectivity expertise and Mobileye's leading computer vision expertise to create automated driving solutions from the cloud through the network to the auto".
Aviram told Prime Minister Netanyahu that the center of the company's operations would remain in Israel, that the company would build a global development center in the country, and that it would be responsible for Intel's worldwide activity regarding autonomous vehicles. The Santa Clara-based company's Automated Driving Group (ADG) will combine with Mobileye and will be led by Mobileye Chief Executive Amnon Shashua. The vehicle systems, data services market is forecast to grow to about $70 billion by 2030, the company asserts. That deal has come under scrutiny recently after Waymo LLC, the self-driving auto unit of Google parent Alphabet Inc., sued Uber, accusing the ride-hailing company of stealing trade secrets to jump-start its own autonomous vehicle program.
Intel Corp. will pay $63.54 for each Mobileye N.V. share, which is a 34 percent premium to the vehicle technology company's March 10 closing price. Most importantly, a test with 40 self-driving cars, in partnership with BMW, will continue as scheduled, meaning that this technology is only going to get closer.
Mobileye is Intel's second-biggest acquisition behind the purchase of Altera Corp. Intel must have liked its work because it has made a decision to acquire MobilEye for $15.3 billion.
AJ Bouye signing with the Jaguars, per report
Bouye broke out in 2016 after showing promising signs as a part-time player. Bouye, raised their offer a couple of times to reach $12 million average.
Google weighs in on WikiLeaks bombshell
The app makers also advice consumers to not use rooted or jailbroken devices, and install various security software required to keep malware at bay.
Tusk row overshadows European Union summit
Szydło added that no Polish President of the European Council can be elected without her support. The president of the European Council will now serve for another 30 months.
"By pooling together our infrastructure and resources, we can enhance and accelerate our combined know-how in the areas of mapping, virtual driving, simulators, development tool chains, hardware, data centers and high-performance computing platforms", he added in a statement. Intel has been working with them for a while now on developing gen-next computer vision based technologies for autonomous driving. The company's offerings are already inside several semi-autonomous vehicles, including Tesla cars.
Earlier, Intel and Mobileye teamed up with BMW AG with plans to introduce fully autonomous cars by 2021.
Mobileye NV (NYSE:MBLY) was downgraded by equities researchers at Dougherty & Co from a "buy" rating to a "sell" rating in a research report issued on Monday.
Seton Hall returns to NCAA Tournament, draws Arkansas
Key was fouled attempting a 3-pointer, but only made the last of the three tries to cut Kentucky's lead to 64-62. It'll be the fourth time in SEC Tournament history that Kentucky and Arkansas (25-8) have met in the finals.
Barcelona lose, Madrid win to go top
Arda Turan, Denis Suarez, Andre Gomes - three players you don't generally see starting for Barcelona , and today showed why. Two-goal hero in midweek Neymar was one of five changes to the Barca side due to an abductor injury.
NCAA Tournament Predictions 2017: Final Four Picks
For the first time in four appearances, South Dakota State men's basketball team goes into the NCAA Tournament as a 16 seed. Regular season champion Purdue is the highest seed from the conference, as the No. 4 in the Midwest Region.
Violence Erupts In The Streets After South Korean President's Fall
Hereupon, in a unanimous decision by the court panel, we issue a verdict: "We dismiss the defendant, President Park Geun-hye". Prime Minister Hwang, a Park loyalist, became acting president when parliament voted to impeach her on December 9.
Taylor Swift's stalker arrested
He also allegedly contacted Swift's management company 59 times between January 27 and February 16 in an attempt to see her. Jaffar was arrested on 6 March on stalking and burglary charges and was held on a $20,000 (€18,800) bond.
Patriots trade for Panthers' talented if unproductive Kony Ealy at minimal cost
At 25, though, Ealy is a player riddled with upside who has only started 15 games over the first three years of his career. Defensive end Chris Long announced earlier he would not be returning to the Patriots, and Jabaal Sheard is a free agent.
Maruti Suzuki Manesar factory violence; 18 convicted for rioting, 13 for murder
The violence, that lasted several hours, had taken place after an argument between workers and the management on July 18, 2012. However, the court acquitted 117 of the 148 employees chargesheeted in the case for the want of substantial proof.
High wind warning for Mid-Michigan
Customers should stay at least 20 feet away from all power lines and anything they may contact, and consider them live. Both Poppe and Norcia said line crews from throughout the Midwest are assisting with the power restoration effort.
Spielberg, Streep, and Hanks to Team for Pentagon Papers Drama
If the reported casting holds up, Hanks will be at least the fourth different actor to play Bradlee. Fox and Spielberg's Amblin Entertainment will co-finance the project.
Study links soy consumption to breast cancer survival
During this time, there were 3,354 breast cancer cases among those taking part. Refined sugars and saturated fat are kept to a minimum.
Mar 10 2017