Intel Corp's Jerusalem-based autonomous driving unit Mobileye has signed a deal to provide a European carmaker with its self-driving technologies for eight million cars, "Reuters" reports.
The terms of the deal and the name of the automaker weren't revealed, a company official told Reuters.
This development in the Mobileye technology will usher in a new type of transport called 'robo-taxis, ' self-driving cabs, Shashua told Reuters. The goal is to generate revenue while the technology to enable fully autonomous steering in all conditions is years away from the mass application.
Intel hopes to have self-driving vehicles on the road by 2021 in partnership with vehicle manufacturers.
By 2021, the deal is set to begin, when Intel's EyeQ5 chip, designed for a completely autonomous self-driving vehicle, will be released.
In Level 3, "Reuters" added, the auto is self-driving but the driver has about 10 seconds to take over if the system is unable to continue.
There are now roughly 27 million cars from 25 different automakers that used some type of advanced driver-assist systems, with Mobileye making up more than 70 percent of the market share.
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While consumer-owned self-driving cars are a ways off, Mobileye CEO Amnon Shashua says "robo-taxis" could arrive on public streets by around 2021.
The deal will give these vehicles Level 3 capability, which means the vehicle drives itself but the driver has about 10 seconds to resume control of the vehicle is something goes awry.
Mobileye already has a long list of customers using its technology for advanced driver aids, these include the likes of General Motors, Honda, BMW, Audi, Nissan, and more. Mobileye is looking to begin produce what it calls "Level 4" systems, in which 12 cameras and four EyeQ4 chips are installed in a vehicle in order to allow the auto to navigate on its own.
Shashua added that when self-driving auto technologies do come to market not long after 2021, they would nearly certainly debut on luxury vehicles, at a premium of about $12,000 per auto.
Intel is all-in on autonomous cars. The companies will add a layer of LIDAR and radar in the next few weeks.
"On one hand you want to be safe but on the other hand assertive", he said, noting that being too hesitant can cause impatience from other drivers and lead to accidents. "It's not unlike a human experience".
The logo of Israeli technology firm Mobileye is seen on the building hosting their headquarters in Jerusalem, May 15, 2018.
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