Intel, Mobileye, BMW to aim at self-driving car deal: Report – CNBC (subscription)

German carmaker BMW AG is the latest automobile company to hop onto the driverless bandwagon, Bloomberg reported.

Chipmaker Intel Corp. is working with Jerusalem-based Mobileye NV to develop self-driving car technology for BMW AG, reported Bloomberg, citing people familiar with the matter.

Mobileye specializes in autonomous-vehicle technology and software. BMW is an existing client of Mobileye, which also counts General Motors and Tesla on its client list.

Senior executives from the companies will hold a press conference later Thursday, Intel has announced.

To read the full Bloomberg story, click here.

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