SELF-DRIVING CARS
Mobileye eyes map deals with car makers
Mobileye expected to announce deals with car makers by the end of 2017 for its high-definition maps
Tel Aviv — Mobileye’s mapping programme for self-driving cars will start making money long before fully autonomous vehicles hit the roads, its chairman told Reuters, as car makers can use the technology for a variety of semi-autonomous driving features. Amnon Shashua, head of the Israeli technology company that is being bought by Intel Corporation for $15.3bn, said Mobileye expected to announce deals with car makers by the end of 2017 for its high-definition (HD) maps, bringing in revenues for both the company and its map-making partners. Fully self-driving vehicles are not expected until at least 2021, but car makers are already offering a variety of semi-autonomous driver assistance systems, such as Tesla’s Autopilot system. Mobileye thinks its mapping technology will be needed as these systems become more advanced. "We can enable hands-free driving to levels that are much higher than with any sensor [alone]," Shashua said, adding that semi-autonomous systems still needed drivers ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.