Chipmaker Intel Corp. reached for its share Monday with the $15.3-billion purchase of Mobileye, a small Israeli company that creates vision systems for cars and trucks. The two will combine their expertise to develop self-driving systems for automakers. Intel and Mobileye were already partners in self-driving system development with automaker BMW. Mobileye’s vision systems dominate the market for lane-keeping and other driver-assist technologies, and are being used by most of the companies testing driverless cars. General Motors and Ford have each purchased small companies developing driverless systems: Cruise Automation in GM’s case, Argo AI’s in Ford’s.

Source: Los Angeles Times March 13, 2017 12:06 UTC