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Intel's autonomous driving unit just landed a big contract.
Israeli tech firm Mobileye has signed a deal to supply eight million cars at a European automaker with its self-driving technologies, a company official told Reuters.
Terms - Deal - Identity - Automaker
Financial terms of the deal and the identity of the automaker were not revealed.
The deal marks one of the largest yet for Mobileye and is a sign of how carmakers and suppliers are accelerating the introduction of features that automate certain driving tasks, like highway driving and emergency braking, to generate revenue.
Time - Technology - Driving - Years - Deployment
At the same time, technology that could enable fully autonomous driving is likely still years away from mass-market deployment.
The deal for the advanced driver assisted systems will begin in 2021, when Intel's EyeQ5 chip, which is designed for fully autonomous driving, is launched as an upgrade to the EyeQ4 that will be rolled out in the coming weeks, said Erez Dagan, senior vice president for advanced development and strategy at Mobileye.
Intel - Mobileye - Chip - Machine - Vision
Intel and Mobileye are competing with several rival chip and machine vision system manufacturers, including Nvidia, to provide the brains and eyes of automated cars.
The future system will be available on a variety of the automaker's car models that will have partial automation - where the car is automatically driven but the driver must stay alert - as well as models integrating a more advanced system of conditional automation.
Mobileye - Intel - Year - Cars - Road
Mobileye, bought by Intel last year for $15.3 billion, says there are some 27 million cars on the road from 25 automakers that use some sort of driver assistance system and Mobileye has a market share of more than 70 percent.
'By the end of 2019, we expect over 100,000 Level 3 cars with Mobileye installed,' said Amnon Shashua, Mobileye's chief executive.
Level - Car - Driver - Seconds
In Level 3, the car is self-driving but the driver has about 10 seconds...
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