World Bulletin / News Desk
Intel announced Monday that it is taking over its Israeli-based driverless technology partner Mobileye for about $15.3 billion.
The U.S. chipmaker said that under the terms of the acquisition deal, Intel "will commence a tender offer to acquire all of the issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash, representing a fully-diluted equity value of approximately $15.3 billion and an enterprise value of $14.7 billion".
Intel and Mobileye have been working with German auto giant BMW since last July to make a self-driving car by 2021.
The acquisition is expected to "accelerate innovation for the automotive industry and position Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles", the statement said, adding Intel estimated the vehicle systems, data and services market opportunity to be up to $70 billion by 2030.
The combined group, including Mobileye and Intel's automated driving group, will be based in Israel and managed by Mobileye chairperson and co-founder Amnon Shashua.
Facebook, which came under criticism for its role in the spread of misinformation during the 2016 US presidential campaign, has argued the platform did not play a major role in influencing voters.
Cassini skimmed closer than any previous spacecraft to the sixth planet from the Sun, and lived to tell the tale, sending back a signal that arrived early Thursday at 0656 GMT, about 20 hours after the crossing took place.
For first time ever, researchers grow working brain circuitry in a lab setting from stem cells
Current virtual assistants have been described as a step into an era of controlling computers by speaking instead of typing or tapping screens.
Saturn has more than 60 moons, and Cassini has made new discoveries on some of them, which may have conditions suitable for a form of life.
Facebook is looking at creating "silent-speech interfaces" based on sensors that could be worn, and made in quantity.
The arbitration court in Moscow approved the deal which lasts for six years and nine months, Russian news agencies said.
The security improvement was described as being part of a broader effort to rid the leading social network of hoaxes, misinformation and fake news by verifying people's identities.
Last year, Musk announced that Tesla plans to build a new pickup truck, an urban bus, and launch a sharing system of self-driving cars.
Plunging the Cassini spacecraft down over Saturn's moon Enceladus , the space agency was able to capture samples of water plumes erupting from the surface.
Enceladus likely contains environments similar to Earth
Facebook chief Mark Zuckerberg has sought to deflect criticism that the huge social network may have been used to fuel the spread of misinformation that affected the 2016 US presidential race.
The inexpensive technique, which can have broad applications in monitoring and protecting aquatic life, was conducted in the East River, which is actually an inlet, and the Hudson River last year.
The skin sensors currently used to monitor vital signs in babies born prematurely generate false alarms in up to 90 percent of cases, mainly set off by the baby's movement.
Social media platform says government summons for user’s identity was withdrawn
Social media company reveals lengthy list of tips to improve its users’ ability to spot hoaxes