Intel (INTC) Acquires Computer Vision Algorithm Provider Itseez; Will Bolster Autonomous Car Efforts

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. Intel (Nasdaq: INTC) posted the following to its Blog on Thursday: Intel is transforming from a PC company to a company that powers the cloud and billions of smart, connected computing devices. These devices will use the power of Intel technology to process data being generated from “things,” connect to and learn from data being analyzed in the cloud, and deliver amazing new experiences. One of the amazing Internet of Things (IoT) experiences Intel is gearing up to deliver is autonomous driving. Americans spend some 75 billion hours a year driving. Morgan Stanley estimates that self-driving vehicles could deliver $507 billion in annual productivity gains – to cite just one compelling benefit.…


Link to Full Article: Intel (INTC) Acquires Computer Vision Algorithm Provider Itseez; Will Bolster Autonomous Car Efforts