The Audi R8 V10 celebrates a decade of performance with special Decennium edition
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From 2012 to 2017, the number and value of auto tech deals increased from 21 and $109 million to 129 and $3.4 billion (projected), creating partnerships in unexpected places. In 2017, Intel spent $15 billion to acquire Mobileye, a provider of cameras used in driver assistance systems. Mobileye already had relationships with BMW, Tesla and Aptiv, formerly Delphi Automotive.
A stake in the ground
Many traditional automakers are making deals to stay competitive with technology companies like Waymo (part of the Alphabet family), NVIDIA, Aurora, to name a few. In 2016, Audi joined BMW and Daimler to acquire HERE, a digital mapping company. High-definition maps are a critical component of automated vehicles. In 2017, Ford spent $1 billion on Argo.ai, whose artificial intelligence technology can potentially be used to putting self-driving cars on the road.
These deals are expected to continue and increase in size and pace as the race to develop next-generation transportation solutions intensifies.