Intel Capital is announcing today a $100 million fund to invest in the future of car technology. The Intel Capital Connected Car Fund is aimed at turning the web-connected automobile into a reality.
The investment arm of the world’s biggest chip maker will target funds at technologies such as in-vehicle infotainment systems (like the pictured system embedded in Tesla’s upcoming Model Selectric car), seamless mobile connectivity between the car electronics and your mobile devices, compelling applications and advanced driver assistance systems.
The fund marks a turning point for the once-staid electronics of cars, which are now being reimagined in the digital era. Everything from Google’s self-driving cars to rear-view-mirror cameras (which could be mandated by 2014) show that the car electronics industry has never seen so much change. By 2014, cars will be among the top three fastest-growing segments for connected devices and internet content, Intel said.
via Venture Beat
February 29, 2012
