BMW teams up with tech firms for driverless cars: Source
German carmaker is the latest automobile company to hop onto the driverless bandwagon, Bloomberg reported.
Chipmaker is working with Jerusalem-based to develop self-driving car technology for BMW AG, reported Bloomberg, citing people familiar with the matter.
BMW is set to announce an alliance to develop self-driving cars with collision detection specialist Mobileye and computer chip maker Intel, a source familiar with the matter said, as the race to put driverless cars on the road heats up.
The tie-up is likely to focus on technology being developed by Mobileye to give computer-driven vehicles better reflexes without driver input, ushering in an era of self-driving cars early in the next decade, analysts said.
The three companies said they would hold a joint news conference on Friday, without giving details. It will be attended by BMW Chief Executive Harald Krueger, Intel CEO Brian Krzanich and Mobileye Chairman and Chief Technology Officer Amnon Shashua, they said.
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