How Intel (INTC) Is Becoming A Leader In The Driverless Car Space

The driverless vehicle race is being run on computing power instead of horse power. This shift has created opportunities for companies other than OEM (original equipment manufacturers) to be a part of the increasingly software-driven automotive world. Intel (INTC) is one name which is on its way to become a dominant force in this space. Here’s a look at some developments made by Intel in 2018.

Intel announced its restructuring in 2016 from a PC company to one that powers the cloud and billions of smart, connected computing devices. Intel’s foray into the autonomous driving segment soon followed. BMW Group, Intel and Mobileye joined hands to create a safe and advanced platform fully automated driving.

A few months later, Intel announced an investment of $250 million for autonomous driving which was followed by setting up of a new business unit called the Automated Driving Group (ADG), dedicated to the next generation of advanced driver assist systems and autonomous driving solutions.