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Intel Enters Self-Driving Car Market

Intel has purchased an Israeli technology firm, Mobileye, for over $15 billion.Mobileye is considered to be one of the leading companies in the autonomous vehicle market. This move helps Intel compete with Nvidia and Qualcomm, two other computer chip manufacturers that have been working on autonomous vehicle technology. It is estimated that the self-driving market will be worth almost $100 billion by 2025.

Source: AP, Financial Times, Reuters

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