The daily business briefing: March 14, 2017

Intel enters the autonomous vehicle technology rush, the CBO says the GOP health plan leaves 24 million more uninsured, and more

Mobileye
(Image credit: Thomas Coex/Getty Images)

1. Intel joins driverless-car rush with deal to buy Mobileye

Intel Corp. on Monday agreed to buy Mobileye, an Israeli company that makes sensors and cameras for driverless vehicles, for $15.3 billion. The deal puts the computer-chip maker into direct competition with tech industry rivals Nvidia and Qualcomm in the race to develop autopilot systems for car manufacturers. Goldman Sachs last year projected the market for autonomous vehicle systems to grow from $3 billion in 2015 to $290 billion in 2035. Intel's entry into the fast-growing market comes as it tries to diversify beyond its core semiconductor business.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.