Intel socks away $100M for Related Vehicle Fund

Here's a stat for you: By 2014, automobiles will be in the best about three fastest - growing segments for connected units and streaming subject material. So it's not totally surprising that Intel, which has continued to diversify its corporations in the final 10 years, is betting large on the connected car market place.

To that conclude, the chipmaker has made the Intel Richesse Related Car or truck Fund to spend in technologies and companies that progress in- auto infotainment programs.

Intel previously has partnerships with BMW, Hyundai, Kia, Toyota and a handful of Chinese suppliers, but this new fund will mainly finance non-public and community computer software and hardware ventures. The critical systems Intel will be concentrating on are anything from car -to- automobile, car or truck -to-smartphone and vehicle -to-infrastructure systems, along with speech and gesture recognition, social media integration and eye tracking. Geeky facts in the press blast under the fold.