Israeli company to provide technology for 8 million self-driving cars
THOMAS COEX (AFP/File)
The Israeli maker of self-driving technology for automobiles, Mobileye, announced that they would be providing advanced technologies for 8 million cars from a range of European car companies, in the largest deal ever in the company’s history.
There are currently roughly 27 million cars from 25 different automakers that used some type of advanced driver-assist systems, with Mobileye making up more than 70 percent of the market share.
Some of the automakers that Mobileye will be working with are Audi, BMW, Chrysler, General Motors, Honda, Nissan, and Chinese carmarker Nio.
Mobileye is currently looking to develop and install its technology into a larger percentage of automobiles. “By the end of 2019, we expect over 100,000 Level 3 cars with Mobileye installed,” said Amnon Shashua, the co-founder and CTO of Mobileye. ‘Level 3’ cars are self-driving, but can be manually driven if the self-driving system fails.
By 2021, the deal is set to begin, when Intel’s EyeQ5 chip, designed for a completely autonomous self-driving vehicle, will be released. Mobileye is looking to begin produce what it calls ‘Level 4’ systems, in which 12 cameras and four EyeQ4 chips are installed in a car in order to allow the car to navigate on its own.
This development in the Mobileye technology will usher in a new type of transport called ‘robo-taxis,’ self-driving cabs, Shashua told Reuters.
“When designing our system, we are looking at all what can be used today, in a year, in two years and then the robo-taxi,” Shashua said. He said that the ‘robo-taxis’ should be operating by 2021.
Mobileye, founded in 1999 by CEO Ziv Aviram and Professor Amnon Shashua of the Hebrew University of Jerusalem, was purchased by Intel Corp. in 2016 for $15.3 billion.
Mobileye describes itself as the "global leader in the development of computer vision and machine learning, data analysis, localization and mapping for Advanced Driver Assistance Systems and autonomous driving."
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The haters claim that jews control the world...Well now we control your next car. Deal with it !