Intel Capital developing technologies to promote new, compelling in-vehicle applications

Intel Capital has announced a $ 1oo million investment fund to help accelerate innovation and the adoption of new technology and services in the automotive industry. Intel Capital is the first international technology investment organization HQ Silicon Valley to announce a dedicated focus on automotive technology innovation. Intel Capital Connected Car Fund will be invested globally over the next four to five years in hardware amd software, services Intel Capital developing technologies to promote new, compelling in-vehicle applications and enable the seamless connection between device and any connected vehicles, including smartmobile devices and sensors. "Technology has become an integral component of everyday life, with consumers demanding uninterrupted access to the Internet and the constant flow of information, news, entertainment, and social media and many more services," said Arvind Sodhani,president of company and Intel executive vice president. "Automobiles must be able to provide these same consistent and engaging computing experiences, but in a safe manner. The company Connected Car Fund will drive the development of smart technologies to enhance the in vehicle experience of the future."

The announcement is part of company ongoing work with automakers and in-vehicle infotainment suppliers to help integrate advanced smart technologies into cars. Ultimately, the connected car will have the intelligence and context awareness to offer the right information, at the right time and in the right way to keep drivers and passengers informed, entertained and productive while maintaining optimal safety. Once the car becomes connected, it can also communicate with the cloud computing technologies, the transportation infrastructure and even other vehicles to provide additional services such as advanced driver assistance and current traffic information to optimize the flow of real time traffic. "The car is the ultimate mobile device," said Staci Palmer, general manager of company Automotive Solutions Division. "By 2014, automobiles will be among the top three fastest-growing areas for connected devices and Internet content.¹ Intel’s experience in developing personal computing, software, security and cloud computing technologies will bring a new level of innovation to the car to enhance the driving experience for both passengers and drivers."

To help realize that vision, areas of investment for the company Connected Car Fund will include technologies that advance the next generation of in-vehicle infotainment, advanced driver assistance systems and seamless samrtmobile connectivity. This includes new in-vehicle app. and development tools, next-generation ADAS technologies and multimodal capabilities such as speech recognition, gesture recognition and eye tracking optimized for the connected vehicle. In addition to the company Connected Car Fund, Intel Corporation (company) President and CEO Paul Otellini also announced at an event in Karlsruhe, Germany the opening of a new International Innovation and Product Development Center, an academic outreach program focused on IVI and telematics, and expansion of Intel Labs Experience and Interaction Research in automotive