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Intel makes £12.5bn driverless car software acquisition

Driverless car

US chipmaking giant Intel has bought Israeli software company Mobileye for £12.5bn ($15.3bn) placing a big bet on the future of driverless cars.

Jerusalem-headquartered Mobileye, listed on the New York Stock Exchange, is a leading global developer of autonomous driving systems such as automatic braking and cruise control systems that are

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