News Posts matching #Mobileye

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Intel's CEO Blames 10 nm Delay on being "Too Aggressive"

During Fortune's Brainstorm Tech conference in Aspen, Colorado, Intel's CEO Bob Swan took stage and talked about the company, about where Intel is now and where they are headed in the future and how the company plans to evolve. Particular focus was put on how Intel became "data centric" from "PC centric," and the struggles it encountered.

However, when asked about the demise of Moore's Law, Swan detailed the aggressiveness that they approached the challenge with. Instead of the regular two times improvement in transistor density every two years, Swan said that Intel has always targeted better and greater densities so that it would stay the leader in the business.

Intel Reports First-Quarter 2019 Financial Results

Intel Corporation today reported first-quarter 2019 financial results. "Results for the first quarter were slightly higher than our January expectations. We shipped a strong mix of high performance products and continued spending discipline while ramping 10nm and managing a challenging NAND pricing environment. Looking ahead, we're taking a more cautious view of the year, although we expect market conditions to improve in the second half," said Bob Swan, Intel CEO. "Our team is focused on expanding our market opportunity, accelerating our innovation and improving execution while evolving our culture. We aim to capitalize on key technology inflections that set us up to play a larger role in our customers' success, while improving returns for our owners."

In the first quarter, the company generated approximately $5.0 billion in cash from operations, paid dividends of $1.4 billion and used $2.5 billion to repurchase 49 million shares of stock. In the first quarter, Intel achieved 4 percent growth in the PC-centric business while data-centric revenue declined 5 percent.

NVIDIA Responds to Tesla's In-house Full Self-driving Hardware Development

Tesla held an investor panel in the USA yesterday (April 22) with the entire event, focusing on autonomous vehicles, also streamed on YouTube (replay here). There were many things promised in the course of the event, many of which are outside the scope of this website, but the announcement of Tesla's first full self-driving hardware module made the news in more ways than one as reported right here on TechPowerUp. We had noted how Tesla had traditionally relied on NVIDIA (and then Intel) microcontroller units, as well as NVIDIA self-driving modules in the past, but the new in-house built module had stepped away from the green camp in favor of more control over the feature set.

NVIDIA was quick to respond to this, saying Tesla was incorrect in their comparisons, in that the NVIDIA Drive Xavier at 21 TOPS was not the right comparison, and rather it should have been against NVIDIA's own full self-driving hardware the Drive AGX Pegasus capable of 320 TOPS. Oh, and NVIDIA also claimed Tesla erroneously reported Drive Xavier's performance was 21 TOPS instead of 30 TOPS. It is interesting how one company was quick to recognize itself as the unmarked competition, especially at a time when Intel, via their Mobileye division, have also given them a hard time recently. Perhaps this is a sign of things to come in that self-driving cars, and AI computing in general, is getting too big a market to be left to third-party manufacturing, with larger companies opting for in-house hardware itself. This move does hurt NVIDIA's focus in this field, as market speculation is ongoing that they may end up losing other customers following Tesla's departure.

Intel Reports Fourth-Quarter and Full-Year 2018 Financial Results

Intel Corporation today reported fourth-quarter and full-year 2018 financial results. The company also announced that its board of directors has approved a five percent increase in its cash dividend to $1.26 per-share on an annual basis. The board declared a quarterly dividend of $0.315 per-share on the company's common stock, which will be payable on March 1 to shareholders of record on February 7.

"2018 was a truly remarkable year for Intel with record revenue in every business segment and record profits as we transform the company to pursue our biggest market opportunity ever," said Bob Swan, Intel CFO and Interim CEO. "In the fourth quarter, we grew revenue, expanded earnings and previewed new 10nm-based products that position Intel to compete and win going forward. Looking ahead, we are forecasting another record year and raising the dividend based on our view that the explosive growth of data will drive continued demand for Intel products."

Intel's Mobileye Secures a Future-Focused Deal for 8 Million Self-Driving Systems in 2021

Intel's Mobileye, the AI and self-driving feature the blue giant acquired last year for a cool $15.3 billion, has just announced, via an exclusive report to Reuters, that they've secured a contract to provide some 8 million self-driving systems to an European automaker. The deal is a future-focused one, and will see, by 2021, distribution for Intel's EyeQ5 chip, which is designed for fully autonomous driving - an upgrade to the EyeQ4 that will be rolled out in the coming weeks, Reuters reports, according to senior vice president for advanced development and strategy at Mobileye Erez Dagan.

Amnon Shashua, Mobileye's chief executive, said that "By the end of 2019, we expect over 100,000 Level 3 cars [where the car is self-driving but still allows for user intervention should the system be unable to progress for more than 10 seconds] with Mobileye installed." This deal is sure to make Intel even more of a player in the automotive space, where NVIDIA and a number of other high-profile companies have been making strides in recent years.

Intel CEO Brian Krzanich Says the Company Will Take More Risks

Intel CEO Brian Krzanich said in a memo to Intel employees that the company would be taking more risks in the future. Further, the 2013-anointed CEO said that the company will center its growth strategy on data, not just computing "(...) memory, FPGAs, IOT, artificial intelligence, autonomous driving. Anything that produces data, anything that requires a lot of computing, the vision is, we're there."

The Intel CEO also mentioned the company's financial outlook and growth of recent times, with the increased focus on those same data-hungry fields have led to company to achieve an almost 50/50 ratio in income divided by both PC and all other Intel growth areas. Intel's recent acquisitions of Nervana, Mobileye and Altera, just to name a few, have been some of the more evident of these, but the company has also been picking up slightly smaller companies as well. These all sound well and good - and we all know the consumer PC market hardly makes up for most of Intel's revenue streams, but here's hoping this means increased risks and innovation in this space as well. Unless increasing computing cores on consumer processors by two units across the product stack is an immense show of risk-taking from the company, in which case: bravo. Read on for the Intel CEO's memo in its entirety, right after the break.

Intel, Warner Bros. Aim to Develop In-Cabin Experiences for Autonomous Cars

So much of the discussion around autonomous driving has naturally focused on the car as a mode of transportation, but as driverless cars become a reality, we must start thinking of the automobile as a new type of consumer space. In fact, we have barely scratched the surface in thinking about the way cars will be designed, the interaction among passengers, and how passengers will spend time while they are riding and not driving. In this respect, autonomous driving is today's biggest game changer, offering a new platform for innovation from in-cabin design and entertainment to life-saving safety systems.

Advancing what's possible in autonomous driving, today at the Los Angeles Auto Show, Intel announced a collaboration with entertainment company Warner Bros.* to develop in-cabin, immersive experiences in autonomous vehicle (AV) settings. Called the AV Entertainment Experience, we are creating a first-of-its-kind proof-of-concept car to demonstrate what entertainment in the vehicle could look like in the future. As a member of the Intel 100-car test fleet, the vehicle will showcase the potential for entertainment in an autonomous driving world.

Intel Dips Its Toes on the Automotive Industry - To Acquire Mobileye

Intel and Mobileye announced on March 13 that they have entered into a definitive agreement pursuant to which Intel will acquire Mobileye. Under the terms of the agreement, a subsidiary of 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.

The acquisition will couple the best-in-class technologies from both companies, including Intel's high-performance computing and connectivity expertise and Mobileye's leading computer vision expertise to create automated driving solutions from the cloud through the network to the car.
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