Tim Herman/Intel Corporation

Intel says it is solidifying its aggressive push into the autonomous vehicle race with its $15 billion purchase of Mobileye.

Why it matters: On a call with reporters Tuesday, Intel CEO Brian Krzanich says that combining their resources will give it a major leg up for a market that's as big as $70 billion for hardware, software and services.

Mobileye co-founder Amnon Shashua, who will become Sr. Vice President at Intel, said Intel's new advantage is bringing a completely autonomous vehicle system under one umbrella, as opposed to the piecemeal approach other companies are pursuing.

"Customers are looking to come to one place that does computer vision, sensor vision, 5G connectivity, data center for collecting data... Only that combination can go from the front of the car, through to the back of the car, and back up to the data center," Shashua said. "You need to think about mapping, artificial intelligence, driving policy, safety, interact with regulators. It's a complex game."

Mobileye also brings close relationships with more than two dozen car manufacturers that will help Intel get its technology directly into vehicles.

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Politics: Trump calls Fauci a "disaster" on campaign call.
  2. Health: Coronavirus hospitalizations are on the rise — 8 states set single-day coronavirus case records last week.
  3. States: California to independently review FDA-approved coronavirus vaccines
  4. Wisconsin judge reimposes capacity limit on indoor venues.
  5. Media: Trump attacks CNN as "dumb b*stards" for continuing to cover pandemic.
  6. Business: Consumer confidence surveys show Americans are getting nervousHow China's economy bounced back from coronavirus.
  7. Sports: We've entered the era of limited fan attendance.
  8. Education: Why education technology can’t save remote learning.
Dion Rabouin, author of Markets
2 hours ago - Economy & Business

The 2020 holiday season may just kill Main Street

Illustration: Eniola Odetunde/Axios

Online retail and e-commerce have been chipping away at brick-and-mortar businesses over the years but the combination of the coronavirus pandemic and the 2020 holiday season may prove to be a knockout blow.

State of play: Anxious consumers say financial concerns and health worries will push them to spend less money this year and to do more of their limited spending online.

California to independently review FDA-approved coronavirus vaccines

California Gov. Gavin Newsom. Photo: Justin Sullivan/Getty Images

California will "independently review" all coronavirus vaccines approved by the Food and Drug Administration before allowing their distribution, Gov. Gavin Newsom (D) announced at a news conference Monday.

Why it matters: The move that comes days after NAID director Anthony Fauci said he had "strong confidence" in FDA-approved vaccines could cast further public doubt that the federal government could release a vaccine based on political motives, rather than safety and efficacy.