Intel has acquired a company called Itseez for a technology that relates to the Internet of Things (IoT) and autonomous vehicles as the chip firm looks to become a key player in these emerging markets.
Doug Davis, senior vice president and general manager of the IoT Group at Intel, announced the deal in a blog post, saying that the technology is key to many evolving technologies that will soon become central to everyday life.
"Itseez will become a key ingredient for Intel’s IoT Group roadmap, and will help Intel’s customers create innovative deep learning-based computer vision applications like autonomous driving, digital security and surveillance, and industrial inspection," he said.
"This acquisition furthers Intel’s efforts to win in IoT market segments like automotive and video, where the ability to electronically perceive and understand images paves the way for innovation and opportunity."
Davis explained more about Itseez’s technology and its focus on computer vision, claiming that it will be fundamental in making IoT systems and autonomous vehicles commonplace.
“Computer vision includes methods for acquiring, processing, analysing and understanding images from the real world to make informed decisions and automate actions,” he said.
“Computer vision technology is quickly becoming critical for the future of smart and connected ‘things’ in autonomous vehicles, security systems, medical imaging and more.”
Davis explained that Intel sees the growth of the IoT playing out in three distinct phases, the first two of which are already taking place.
"The first is to make everyday objects smart. This is well underway with everything from smart toothbrushes to smart car seats now available," he said.
"The second is to connect the unconnected, with new devices connecting to the cloud and enabling new revenue, services and savings. New devices like cars and watches are being designed with connectivity and intelligence built into the device."
The third era is just emerging with devices that will require constant connectivity and intelligence to make real-time decisions based on their surroundings.
"This is the 'autonomous era' and machine learning and computer vision will become critical for all kinds of machines, cars among them," he said.
The acquisition may be one of the last major acts Davis oversees during his time at Intel. He will retire at the end of the year having been with the firm for 32 years.
BT wants to make the public switched telephone network history within eight years
Personal data being purloined by third parties via Facebook Login API
MacOS and iOS are better off apart, says CEO Tim Cook
Or they'll no longer be entitled to updates and bug patches