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Intel is an American multinational organization and technology firm located in Santa Clara, California They are the world's most comprehensive and largest evaluated semiconductor chip makers based on income, and the creator of the x86 series of microprocessors: the processors found in most personal computers and other gadgets.

Now, the company will soon compete with fellow business industries like Tesla and Nvidia in driverless car technology. Let's find out what this business plan of Intel is all about.

What Is Driverless Car Technology?

An autonomous car or commonly known as a driverless car is a vehicle that is competent of sensing its environment and operating without human input. Driverless cars utilize a diversity of systems to distinguish their surroundings, such as radar, laser light, and GPS. Exceptional control schemes decipher sensory information to recognize proper navigation paths.

Intel Is Launching Their Own Driverless Car Technology

Intel's surprise settlement to acquire the Israeli tech company, Mobileye, which manufactures camera sensors and accessories for driverless automobiles, for more than $15 billion is bringing up the clash for domination in autonomous vehicles between Tesla and Intel competitor Nvidia, as reported by CNN.

Tesla and Mobileye split, following the death of a driver of models last year, while utilizing Tesla's autopilot feature. The organizations have disputed since then about which portion of the driverless technology was most accountable for the accident.

Intel's Funding For Driverless Car Technology

In a report posted by Fortune, the newest plan of Intel to obtain Mobileye for $15.3 billion is possibly the greatest signal to date of its purpose. But the world's biggest chipmaker has consumed the past 18 months on financing in and procuring organizations as well as restructuring their own company, all in an endeavor to assure it doesn't miss out on the other business dealings. According to the statement of Intel's CEO, Brian Krzanich,  autonomous driving is estimated to be a $70 billion vehicle systems and data services industry in the coming years.