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Mobileye CEO sees ‘great consolidation’ ahead in autonomous car sector – Source Reuters Tech News

FILE PHOTO: Amnon Shashua, co-founder of Israeli start-up Mobileye, gestures during an interview with Reuters at the office of his second high-tech company OrCam, makers of a wearable device which provides visual aid for visually impaired people, in Jerusalem March 28, 2017. REUTERS/Amir Cohen

JERUSALEM (Reuters) – The autonomous car industry will have to consolidate because it is too difficult for separate companies to cooperate in developing self-driving vehicles, the head of Intel’s autonomous car unit said on Tuesday.

Amnon Shashua, CEO of Intel’s Israel-based Mobileye, said the strategy of having individual companies each focusing on one component, like safety, sensors or maps, is not sustainable because it’s an “end-to-end system” that cannot be broken down.

“It’s a formidable task, and there are going to be very very few actors who can go from silicon (chips) to self-driving systems,” Shashua said during an online conference by the Israel government-backed…

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Source Reuters Tech News

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