Articles | CNET | Shara Tibken | November 15, 2016

Intel to Invest Over $250M in Autonomous Driving

Intel’s making a big bet on self-driving cars.

Brian Krzanich, the chipmaker’s CEO, said Tuesday at the LA Auto Show that the company’s investment arm, Intel Capital, plans to make more than $250 million in new investments over the next two years “to make fully autonomous driving a reality.”

In particular, Intel will look at technology that will drive internet of things innovation in transportation; technology that can “directly mitigate risks while improving safety, mobility, and efficiency at a reduced cost;” and companies that use data to make automated driving systems more reliable.

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