Source: westernfreepress.com - Thursday, January 31, 2019
Intel is at the forefront of an autonomous vehicle evolution, and Arizona is the testing ground. In 2018, Intel became the first private-sector partner of the new Institute of Automated Mobility (IAM) , a consortium of companies, public officials and university researchers created by Gov. Doug Ducey to enhance state-of-the-art autonomous vehicle research and testing in Arizona. “The Institute for Automated Mobility will bring together global industry leaders, a public sector team and the brightest minds in academia, focused on advancing all aspects of automated vehicle science, safety and policy,” Ducey said. “Arizona is committed to providing the leadership and knowledge necessary to integrate these technologies into the world’s transportation systems.” U.S. companies are expected to spend $61 billion in research and development and capital investments on autonomous vehicle technology by 2023, and the federal government has planned $100 million in funding for autonomous vehicle research and development, according to the U.S. Department of Transportation . Intel coined the phrase “passenger economy” in 2017 to describe a near future in which people depend on autonomous vehicles for transportation, predicting the technology will “free more than 250 million hours of commuting time per year in the world’s most congested cities.” “Intel predicts a total addressable market of $200 billion from rising consumer use of new in-vehicle ap
Source: Breaking News
Intel is at the forefront of an autonomous vehicle evolution, and Arizona is the testing ground. In 2018, Intel became the first private-sector partner of the new Institute of Automated Mobility (IAM) , a consortium of companies, public officials and university researchers created by Gov. Doug Ducey to enhance state-of-the-art autonomous vehicle research and testing in Arizona. “The Institute for Automated Mobility will bring together global industry leaders, a public sector team and the brightest minds in academia, focused on advancing all aspects of automated vehicle science, safety and policy,” Ducey said. “Arizona is committed to providing the leadership and knowledge necessary to integrate these technologies into the world’s transportation systems.” U.S. companies are expected to spend $61 billion in research and development and capital investments on autonomous vehicle technology by 2023, and the federal government has planned $100 million in funding for autonomous vehicle research and development, according to the U.S. Department of Transportation . Intel coined the phrase “passenger economy” in 2017 to describe a near future in which people depend on autonomous vehicles for transportation, predicting the technology will “free more than 250 million hours of commuting time per year in the world’s most congested cities.” “Intel predicts a total addressable market of $200 billion from rising consumer use of new in-vehicle ap
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Source: Breaking News
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