UREGENT: Egypt's unemployment hits 6.4% in Q3 – CAPMAS    Egyptian pound holds steady in narrow band in early Sunday trade    Standard Bank opens first Egypt office as Cairo seeks deeper African integration    Climate finance must be fairer for emerging economies: Finance Minister    Al-Sisi orders expansion of oil, gas and mining exploration, new investor incentives    Cairo intensifies regional diplomacy to secure support for US Gaza resolution at UN    Egypt unveils National Digital Health Strategy 2025–2029 to drive systemwide transformation    Minapharm, Bayer sign strategic agreement to localize pharmaceutical manufacturing in Egypt    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    ADCB launches ClimaTech Accelerator 2025    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Intel to buy Movidius to help it win in new tech areas
Published in Amwal Al Ghad on 06 - 09 - 2016

U.S. semiconductor giant Intel is to acquire Movidius, a company that creates so-called "computer vision" chips which will play a key role in technologies from virtual reality (VR) to driverless cars, the company announced Tuesday.
Movidius makes processors that use artificial intelligence to assess the world around them. The company is already working with Chinese dronemaker DJI with its tech implemented in the Phantom 4 unmanned aircraft, giving it the ability to sense and avoid obstacles in real time and hover in a fixed position without the need for a GPS signal.
The technology could be critical in a number of emerging areas where the need to have human-like vision is necessary such as autonomous cars.
Intel makes a depth-sensing camera called RealSense. The ability to understand depth allows a machine to see the world in three dimensions.
And this is where Intel sees Movidius as the perfect fit. Its capabilities alongside Intel's RealSense cameras could open up a number of new applications and make the U.S. giant a player in these emerging sectors
"We will look to deploy the technology across our efforts in augmented, virtual and merged reality (AR/VR/MR), drones, robotics, digital security cameras and beyond," Josh Walden, senior vice president and general manager of Intel's New Technology Group, said in a blog post Tuesday announcing the acquisition.
Movidus' chips are also low-powered, making them ideal for situations where battery life is key.
Intel did not disclose the price or terms of the deal.
The U.S. technology giant sees its RealSense camera as a key part of its future offering. Last month at its developers conference, Intel unveiled Project Alloy, a virtual reality headset reference design that used RealSense for motion tracking.
While many of these emerging technologies are at an early stage and not widely commercialized, Intel will be hoping its acquisition of Movidius will help it become an early leader. The company has struggled in the smartphone space against rival Qualcomm, but this could help it take the lead in the latest technology trends, analysts said.
"Movidius will help further Intel's efforts to offer solutions around computer vision and artificial intelligence. The company is betting big on securing a place in the next wave of technology that will be instrumental across multiple areas including autonomous driving, drones, mixed reality, navigation and robotics," Ben Wood, chief of research at CCS Insight, told CNBC by email.
"The leadership team at Intel is determined not to repeat past mistakes, such as missing the smartphone opportunity."
Source: CNBC


Clic here to read the story from its source.