Intel acquires Computer Vision startup Itseez for better navigation in self-driving cars

With a vision of evolving itself beyond a PC company, Intel on Thursday announced its acquiring of computer vision firm, Itseez. The machine learning firm will help in developing better navigation for self-driving cars. Doug Davis, Senior Vice-President and General Manager of Intel’s IoT group, wrote in a blog post, “This acquisition furthers Intel’s efforts to win in IoT (Internet of Things) market segments like automotive and video. Where the ability to electronically perceive and understand images paves the way for innovation and opportunity.” Davis further added, Another fundamental requirement for self-driving cars is the capacity to see and accurately interpret surroundings. One of the technologies necessary to support this capability is computer vision. It is estimated that American spend around $75 billion an hour driving, which apparently makes self-driving…


Link to Full Article: Intel acquires Computer Vision startup Itseez for better navigation in self-driving cars