China's Baidu teams with Mobileye on web car platform

Mobileye self-driving car Photo: Reuters
Mobileye self-driving car Photo: Reuters

Auto industry sources put Mobileye's potential sales under the agreement at millions of units annually.

Intel Corp's Israel-based autonomous driving unit Mobileye has scored a significant success in the race to design the future autonomous car. Chinese Internet giant Baidu today announced that it was joining Intel-Mobileye's strategic alliance in the auto industry and intended to assimilate and merge Intel-Mobileye's technology in its Apollo project - the autonomous Internet-connected vehicle platform that Baidu is developing at a cost of billions of dollars.

Baidu announced its intention of adopting the responsibility-sensitive safety (RSS) model developed by Mobileye for the purpose of reducing the responsibility imposed on autonomous vehicles in the event of a traffic accident. The company will integrate the model in the code of its commercial designs. It will also adopt Mobileye's peripheral machine vision kit for the Apollo project.

In view of the extensive cooperation between Baidu and the entire Chinese auto industry, industry sources believe that the potential for supplying Mobileye's chip and camera amounts to millions of units annually in the long term.

Baidu's Apollo project already encompasses hundreds of thousands of vehicles a year. As of now, it includes continuous Internet connectivity, with plans for 5G connectivity in the future. One of its main partners is SAIC, controlled by the Chinese government. Baidu also announced that it would support the Apollo open code platform, which includes Microsoft, Daimler, and Ford.

Published by Globes [online], Israel business news - www.globes-online.com - on July 3, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

Mobileye self-driving car Photo: Reuters
Mobileye self-driving car Photo: Reuters
Israeli startup gems 2022 Globes names Finout "Most Promising Startup of 2025"

Cloud cost management solutions company Finout tops the list of Israeli startups most likely to succeed named by 80 local and foreign funds.

Mobileye CEO Amnon Shashua credit: Heinz Troll European Patent Office Mobileye posts strong Q1, reaffirms guidance despite tariffs

The Israeli advanced driving assistance systems company beat analysts' expectations on revenue and met expectations on non-GAAP net profit.

Xtend drones credit: Xtend Sentrycs teams with Xtend to strengthen drone security

The aim of the all-Israeli collaboration is to create a synergy of proven capabilities in a world where drones have become a major threat.

Intel Haifa  credit: Shutterstock Intel layoffs in Israel will benefit rivals

Industry experts agree that Intel staff dismissed in Israel will have no trouble finding work at rivals like Nvidia, as happened during last year's layoffs.

Ministry of Finance Jerusalem credit: Shutterstock Treasury sees Trump's tariffs cutting Israel's GDP growth

Amid the uncertainty that still surrounds the level of tariffs that would ultimately be imposed on Israeli goods, the annual damage to growth is estimated by the Finance Ministry at less than 0.5% of GDP.

French President Emmanuel Macron at the Paris Air Show in 2023 credit: Reuters Israel to scale down Paris Air Show presence

Due to President Emmanuel Macron's antagonism, Israel is reducing its presence at the exhibition, Ministry of Defense International Defense Cooperation Directorate (SIBAT) head Yair Kulas tells "Globes."

Jerusalem court cmplex credit: Zarhy Architects Tenders issued for two huge Jerusalem construction projects

The PFI tenders for the Gan Hotzvim tech campus and the courts complex include grants of NIS 1.7 billion for the winning bidders.

Israel Innovation Authority CEO Dror Bin Innovation Authority chief: Israel top for deep tech investment

Dror Bin told the Globes TECH IL conference that deep tech is the next wave for global tech and the rate of investment in Israel is the world's highest.

Gil Shwed and Nadav Zafrir credit: Menash Cohen With new CEO Check Point beats analysts in Q1

Revenue rose 6.5% and GAAP net profit rose 5% in Nadav Zafrir's first full quarter at the helm.

Tel Aviv light rail credit: Yossi Cohen Rishon Lezion to finance Red Line light rail extension

The Rishon Lezion Municipality will pay for part of the extension by marketing land above the planned underground depot.

Intel Haifa development center credit: Shutterstock Intel to cut 20% of workforce - report

"Bloomberg" reports that new CEO Lip-Bu Tan will announce the layoffs this week.

Healthee team credit: Healthee PR AI healthcare costs management co Healthee raises $50m

Healthee’s benefits and care navigation platform empowers employees and employers to make the most of their health benefits.

Former Shufersal CEO Itzik Abercohen credit: Eyal Izhar Competition Authority summons former Shufersal CEO to hearing

According to the indictment, Shufersal and Itzik Abercohen allegedly made public statements through which he attempted to reach arrangements to raise prices.

Reco founders Ofer Klein, Gal Nakash, and Tal Shapira credit: Elegant Photographics Israeli SaaS security co Reco raises $25m

The Tel Aviv-based company has developed a comprehensive application discovery engine capable of identifying and classifying over 50,000 applications, and providing visibility into an organization’s SaaS ecosystem.

Tel Aviv Stock Exchange credit: Tali Bogdanovsky TASE outperforms global markets in 2025

Boosted by the strong results of Israel's banks, the Tel Aviv Stock Exchange has demonstrated impressive resilience to domestic and foreign upheavals.

Metro credit: Bar Lavi Can Hyundai fill Metro vacuum created by China's exclusion?

The South Korean giant is reportedly eager to enter Israel's infrastructure sector but may not have the resources to dig the Metro tunnels.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018