NVIDIA Invests in Chinese Autonomous Truck Startup TuSimple

NVIDIA GPU Ventures has joined a group of investors led by Chinese social media company Sina in investing more than $20 million in Chinese startup TuSimple.

Formed in 2015, TuSimple develops technology for autonomous long-distance freight delivery.

TuSimple uses NVIDIA GPUs, NVIDIA DRIVE PX 2, Jetson TX2, CUDA, TensorRT and cuDNN to develop its autonomous driving solution. In June, the company successfully completed a 200-mile Level 4 test drive from San Diego to Yuma, Arizona, using NVIDIA GPUs and cameras as the primary sensor.

TuSimple has over 100 employees in two R&D centers, in Beijing and San Diego.

“NVIDIA is unrivaled in delivering the computing performance needed for autonomous vehicles,” said Xiaodi Hou, chief technology office of TuSimple. “By combining NVIDIA technology with our expertise in computer vision and artificial intelligence, we’re building a world-class platform that will disrupt the freight industry. We highly value our strategic partnership with NVIDIA.”

NVIDIA continues to expand its portfolio of startup investments, adding nine companies in four countries over the past year. New investments include:

  • ABEJA – Tokyo startup focused on AI-powered retail analytics systems
  • Datalogue – New York AI data-mining platform developed out of Cornell University
  • Deep Instinct – Israeli startup focued on cybersecurity
  • Element AI – Montreal startup helps companies quickly integrate AI capabilities
  • Fastdata.io – California startup offering streaming analytics software
  • Optimus Ride – MIT spinoff developing fully autonomous vehicles
  • SoundHound – Silicon Valley startup building voice-enabled AI solutions
  • TempoQuest – Colorado startup doing GPU-accelerated weather forecasting
  • Zebra Medical – Israeli startup using AI to read medical images

NVIDIA GPU Ventures is one element of the company’s extensive involvement in the AI ecosystem. We also have our Inception program, which includes some 1,750 startups from around the world, which we support with a team that provides access to technology, strategic expertise and our global marketing platform.

The post NVIDIA Invests in Chinese Autonomous Truck Startup TuSimple appeared first on The Official NVIDIA Blog.

Moving Faster on Diversity and Inclusion

By Brian Krzanich

Over the past two weeks, sharp debate – and, tragically, even violence – over issues of race and gender has reminded us that there is still so much work to do to build a society that abhors prejudice and values love over hate and equal opportunity for all. While these events have been painful to see, I ask each of you to join me in turning this tragedy into action, letting it serve as a reminder of how important it is for each of us to treat others with respect and to contribute to a diverse and inclusive workplace every day.

So how can we drive change? We can dedicate ourselves to creating a space where everyone feels included and respected. Technology companies have talked about diversity for years, but the data show that progress has been slow. In 2015, I challenged our company to step up and do more. It is not enough to say that we value diversity; we must make actual, real progress. We set out to achieve by 2020 an inclusive workforce that reflects the diversity we see every day in the world around us. Doing this would bring the number of female, Hispanic, African-American and Native American employees in Intel’s 50,000-strong U.S. workforce to full representation. We called on other companies to join us in this pledge, with a focus on real actions and results.

MORE: Intel’s 2017 Diversity and Inclusion Midyear Report and the Road Ahead (Barbara Whye Editorial) | Intel’s 2017 Diversity and Inclusion Midyear Report (Intel.com) | Intel Global Diversity and Inclusion Website (Intel.com) | Intel Diversity in Technology Initiative (Press Kit)

Today, we released our midyear diversity and inclusion report. We have made progress as you’ll see in the numbers. The more meaningful progress is the extent to which each one of our employees feels that we have built a diverse environment at Intel where inclusion is valued and hate has no place.

To achieve this, we will continue to pledge our time and focus, our hard work and dedication, and $300 million to expand opportunities for women and minorities who are underrepresented in the workforce. We committed to work not through quotas, but instead through smarter, long-term strategies such as improving retention of employees from underrepresented groups; training every manager in the company in inclusive management and providing resources and tools to support them; having diverse teams interview and give input on performance; and building a stronger pipeline of female and underrepresented mathematicians, scientists, engineers and others. Most importantly, we have striven to do this without any group feeling unwanted or not included within Intel’s culture.

Constructive confrontation and debate are hallmarks of Intel’s culture, but there is no debate when it comes to our commitment to equal and fair treatment and opportunity for everyone, and to mutual respect as we discuss these issues. As I said two years ago when I announced our pledge, improving diversity and inclusion is right not simply because it is good for business and for our employees, but because it is simply the right thing to do. I want to thank all of those who have voiced their thoughts and concerns from all sides as we’ve been going through this journey together. No one person or group has all of the answers, and inclusion means we listen to all points of view.

At the halfway point in our five-year program, our 2017 midyear report makes clear that this dedication and hard work is paying off in important ways. We’ve made significant progress and have closed more than 65 percent of our gap to full representation, all while having a record 2016 for our business and being on target to have another record year in 2017. It also makes clear where we still have work to do. But this is critical work, and we must accelerate it, especially in the areas where we haven’t come as far as we would like. That’s why today we are announcing we are modifying our goal: Instead of 2020, we expect to achieve full representation in Intel’s workforce by 2018, two years earlier than our original goal.

This will not be easy. It will require the continued focus and hard work of every Intel employee. But Intel employees have been making the impossible possible for 50 years. With their support, I know we will do it again.

Brian Krzanich is the chief executive officer of Intel Corporation.

The post Moving Faster on Diversity and Inclusion appeared first on Intel Newsroom.

Intel’s 2017 Diversity and Inclusion Midyear Report and the Road Ahead

Barbara WhyeBy Barbara Whye

At CES in 2015, our CEO, Brian Krzanich, announced Intel’s plan to achieve full representation of women and underrepresented minorities in our U.S. workforce by the year 2020. This is important to us because we believe diverse and inclusive teams with diverse perspectives are more creative and innovative.

We are now at the halfway point in that journey. Since our 2015 announcement, the social and political climate has evolved as issues of diversity and inclusion have become ever more pressing, especially in our industry. That makes our effort to achieve full representation even more urgent. We’ve come a long way, but there is still much to be done. Since taking on the role of chief diversity and inclusion officer in April, I’ve been evaluating our progress, reflecting on the lessons learned and considering how best to achieve our goals.

Progress at the Midyear

The 2017 midyear diversity and inclusion data, which we published today, shows where we stand now. Our overall gap to full representation in the U.S. has narrowed from 2,300 people in 2014 to about 800 today – a 65 percent improvement that we’re very proud of. Encouragingly, we’re seeing stable progress of female, Hispanic and Native American representation. However, we have more work to do in achieving full representation by African Americans in technical roles. We also know retention must remain a key focus. Our innovative retention WarmLine is one of the ways we are addressing the gaps. The WarmLine has achieved a 90 percent success rate across well over 6,000 employees who have used it.

MORE: Moving Faster on Diversity and Inclusion (Brian Krzanich Editorial) | Intel’s 2017 Diversity and Inclusion Midyear Report (Intel.com) | Intel Global Diversity and Inclusion Website (Intel.com) | Intel Diversity in Technology Initiative (Press Kit)

As part of our previously announced $300 million commitment to diversity, in June we announced a new grant program under which we’re investing $4.5 million in support of STEM pathways programs at historically black colleges and universities (HBCUs). Programs like this are impactful and benefit the industry at large, not just Intel.

A Focus on Fundamentals

Inclusion depends on how we connect and interact as people every day. To support that, our managers must have the training, resources and tools they need to lead and model diversity and inclusion practices. We’re in the process of training 13,000 managers worldwide through a program called “Managing at Intel,” with a focus on inclusion and leadership. We’re also providing tools and guidance to the business units and organizations that, due to their scale or growth, are in a position to help us make the most progress. Among these tools are our diversity playbooks, customized plans that enable business units to focus on closing progression and hiring gaps.

We’re also making changes to ensure that our goals stay current and relevant, and that our data is as accessible as possible:

  • We’ve updated our Market Availability (MA) benchmark for the first time since 2015, as newer census data on technical females has become available. MA captures hiring, retention and progression, and is how we assess our progress. MA measures how many skilled people exist in the external U.S. labor market as well as Intel’s own internal market for the jobs for which we hire. It is not necessarily the same as population. For example, according to the 2010 census, slightly more than 50 percent of the U.S. population are women. However, MA for early career technical females is about 26 percent, and that sets our objective for full representation at that level.
  • In addition to the categories we’ve traditionally covered in our reports, we’re including data on our majority population, military veteran employees, disabled employees and employees who self-identify as LGBTQ.
  • We’ve reformatted our data addendum to make it much easier to read and evaluate, and to better reflect MA as our long-standing key metric.

The Future Is Bright When We Create It Together

There are challenges ahead, but Intel is at its best when embracing a challenge. In that spirit, our CEO has challenged us to achieve our goal of full representation not in 2020, as originally planned, but by the end of 2018, two years ahead of schedule.

We’re driven to listen, learn and innovate to move ahead, and that’s as true in diversity and inclusion as it is in our technical endeavors. We know what you focus on matters. I’m optimistic about the path ahead and believe we can achieve our new, more ambitious goals. But that won’t be the end of the story. Diversity and inclusion are business imperatives for our company. They started many years before we began reporting our data and will continue long after we achieve full representation.

The future of Intel is in our hands, but the future is bright when we create it together.

Barbara Whye is vice president of Human Resources and chief diversity and inclusion officer at Intel Corporation.

The post Intel’s 2017 Diversity and Inclusion Midyear Report and the Road Ahead appeared first on Intel Newsroom.

Logitech Acquires ASTRO Gaming

Dateline City:
NEWARK, Calif. & LAUSANNE, Switzerland

NEWARK, Calif. & LAUSANNE, Switzerland–(BUSINESS WIRE)–Logitech
International
(SIX: LOGN) (Nasdaq: LOGI) today announced that it has
closed its acquisition of ASTRO
Gaming
, a leading console gaming brand with a history of producing
award-winning headsets for professional gamers and enthusiasts. Logitech
first announced its agreement to acquire ASTRO in
July 2017
, as the Company invests in an adjacent gaming market — the
console gaming market.

About Logitech

Language:
English

Contact:

Logitech International
Ben Lu
Investor Relations – USA and Europe
+1 510-713-5568
or
Jessica Monney
Corporate Communications – USA
+1 510-713-5830
or
Ben Starkie
Corporate Communications – Europe
+41 (0) 79-292-3499

Ticker Slug:
Ticker:
LOGN

Exchange:
SWX

Ticker:
LOGI

Exchange:
NASDAQ

read more

Intel Completes Offer for Mobileye

Intel and Mobileye today announced the completion of Intel’s tender offer for outstanding ordinary shares of Mobileye, a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. The acquisition is expected to accelerate innovation for the automotive industry and positions Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles.

Media Conference Call

Brian Krzanich, Intel CEO, and Prof. Amnon Shashua, who will serve as Intel senior vice president and Mobileye CEO and chief technology officer, will discuss the transaction and take media questions on a conference call today at 7 a.m. PDT (10 a.m. EDT). To access the call:

A replay will be available at the Intel-Mobileye transaction website.

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The post Intel Completes Offer for Mobileye appeared first on Intel Newsroom.

Intel Completes Tender Offer for Mobileye

SANTA CLARA, Calif., and JERUSALEM, Aug. 8, 2017  —  Intel Corporation (NASDAQ: INTC) and Mobileye N.V. (NYSE: MBLY) today announced the completion of Intel’s tender offer for outstanding ordinary shares of Mobileye, a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. The acquisition is expected to accelerate innovation for the automotive industry and positions Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles.

The combination of Intel and Mobileye will allow Mobileye’s leading computer vision expertise (the “eyes”) to complement Intel’s high-performance computing and connectivity expertise (the “brains”) to create automated driving solutions from cloud to car. Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030.

PRESS KIT: Intel Completes Tender Offer for Mobileye

“With Mobileye, Intel emerges as a leader in creating the technology foundation that the automotive industry needs for an autonomous future,” said Intel CEO Brian Krzanich. “It’s an exciting engineering challenge and a huge growth opportunity for Intel. Even more exciting is the potential for autonomous cars to transform industries, improve society and save millions of lives.”

Intel’s Automated Driving Group (ADG) will combine its operations with Mobileye, an Intel Company. The combined Mobileye organization will lead Intel’s autonomous driving efforts, and will have the full support of Intel resources and technology to define and deliver cloud-to-car solutions for the automotive market segment. Mobileye will remain headquartered in Israel and led by Prof. Amnon Shashua who will serve as Intel senior vice president and Mobileye CEO and chief technology officer. In addition, Ziv Aviram, Mobileye co-founder, president and CEO, is retiring from the company, effective immediately.

“Leading in autonomous driving technology requires a combination of innovative proprietary software products and versatile open-system hardware platforms that enable customers and partners to customize solutions,” said Prof. Amnon Shashua. “For the first time, the auto industry has a single partner with deep expertise and a cultural legacy in both areas. Mobileye is very excited to begin this new chapter.”

Mobileye will support and build on both companies’ existing technology and customer relationships with automakers, tier‑1 suppliers and semiconductor partners to develop advanced driving assist, highly autonomous and fully autonomous driving programs.

Further Transaction Details and Timing

Today, Intel is acquiring approximately 84 percent of Mobileye’s outstanding ordinary shares.

The initial offering period for the tender offer and withdrawal rights expired at 5 p.m., New York City time, on Aug. 7, 2017 (the “Expiration Time”). Based on information provided by the American Stock Transfer & Trust Co., LLC, the depositary for the tender offer, a total of 187,882,291 Mobileye ordinary shares (excluding Mobileye ordinary shares tendered pursuant to guaranteed delivery procedures), representing approximately 84 percent of the outstanding Mobileye ordinary shares, had been validly tendered and had not been validly withdrawn as of the expiration of the initial offering period (excluding 26,424,016 ordinary shares, representing approximately 12 percent of the aggregate number of ordinary shares outstanding, tendered pursuant to guaranteed delivery procedures that have not yet been delivered in settlement or satisfaction of such guarantee). Cyclops Holdings, LLC (“Cyclops”), a wholly owned subsidiary of Intel, has accepted for payment all shares that were validly tendered and were not properly withdrawn from the offer, and payment for such shares will be made promptly in accordance with the terms of the offer.

Intel and Mobileye also announced today the commencement of a subsequent offering period scheduled to expire at 11:59 p.m., New York City time, on Aug. 21, 2017, as it may be further extended to provide for a minority exit offering period of at least 5 business days to provide Mobileye shareholders who have not yet tendered their shares the opportunity to do so (under certain circumstances as more fully described in the tender offer statement on Schedule TO filed by Cyclops with the U.S. Securities and Exchange Commission (the “SEC”) on April 5, 2017 (as amended and supplemented, the “Schedule TO”). All ordinary shares validly tendered during the subsequent offering period will be immediately accepted for payment, and tendering holders will thereafter promptly be paid the same form and amount of offer consideration as in the initial offering period. The procedures for tendering shares during the subsequent offering period are the same as those applicable to the initial offering period, except that (i) the guaranteed delivery procedures may not be used during the subsequent offering period and (ii) no withdrawal rights will apply to shares tendered during the subsequent offering period.

Mobileye plans to delist its ordinary shares from the New York Stock Exchange (the “NYSE”) as promptly as practicable. Mobileye also intends to deregister its shares under the U.S. Securities Exchange Act of 1934 (as amended, the “Exchange Act”) and to suspend its reporting obligations under the Exchange Act, but will only be eligible to do so upon satisfaction of the applicable requirements for deregistration.

Mobileye has submitted written notice to the NYSE of its intent to voluntarily delist its shares from the NYSE in connection with the tender offer. Mobileye intends to file a Form 25, Notification of Removal from Listing and/or Registration under Section 12(b) of the Exchange Act, with the SEC on Aug. 21, 2017, to notify the SEC of the delisting of its ordinary shares from the NYSE. Delisting from the NYSE is expected to become effective 10 days after the filing date of the Form 25.

Following delisting from the NYSE, Mobileye ordinary shares will not be listed or registered on another national securities exchange. Delisting is likely to reduce significantly the liquidity and marketability of any Mobileye ordinary shares that have not been tendered pursuant to the tender offer.

Media Conference Call

Intel and Mobileye management will hold a media conference call today at 7 a.m. PT (10 a.m. ET) to discuss the transaction. The live call can be found at http://intelandmobileye.transactionannouncement.com. The live call can also be accessed in the United States at 1-866-547-1509 and outside the United States at

+1-920-663-6208 with the passcode 63678747. A replay will also be available at http://intelandmobileye.transactionannouncement.com.

About Intel

Intel expands the boundaries of technology to make the most amazing experiences possible. Information about Intel can be found at newsroom.Intel.com and Intel.com.

About Mobileye

Mobileye N.V. is the global leader in the development of computer vision and machine learning, data analysis, localization and mapping for Advanced Driver Assistance Systems and autonomous driving. Mobileye’s technology keeps passengers safer on the roads, reduces the risks of traffic accidents, saves lives and has the potential to revolutionize the driving experience by enabling autonomous driving. Mobileye’s proprietary software algorithms and EyeQ® chips perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. Mobileye’s products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items; identify and read traffic signs, directional signs and traffic lights; create a Roadbook™ of localized drivable paths and visual landmarks using REM™; and provide mapping for autonomous driving. Mobileye’s products are or will be integrated into car models from more than 25 global automakers. Mobileye’s products are also available in the aftermarket.

Additional Information and Where to Find It

This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any ordinary shares of Mobileye or any other securities. A tender offer statement on Schedule TO, including an offer to purchase, a letter of transmittal and related documents, has been filed with the SEC by Intel and one or more of its subsidiaries and a solicitation/recommendation statement on Schedule 14D-9, has been filed with the SEC by Mobileye. The offer to purchase all of the issued and outstanding ordinary shares of Mobileye will only be made pursuant to the offer to purchase, the letter of transmittal and related documents filed as a part of the tender offer statement on Schedule TO, in each case as amended from time to time. THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D‑9  CONTAIN IMPORTANT INFORMATION. INVESTORS AND SHAREHOLDERS OF MOBILEYE ARE URGED TO READ THESE DOCUMENTS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT SUCH HOLDERS SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR ORDINARY SHARES. Investors and security holders may obtain a free copy of these statements and other documents filed with the SEC at the website maintained by the SEC at www.sec.gov, at the transaction website (http://intelandmobileye.transactionannouncement.com), or by directing such requests to D.F. King & Co., Inc., the information agent for the tender offer, toll free at (800) 966-9021 (for shareholders) or collect at (212) 269-5550 (for banks and brokers).

Forward-Looking Statements

This document contains forward-looking statements related to the proposed transaction between Intel and Mobileye, including statements regarding the benefits and the timing of the transaction as well as statements regarding the companies’ products and markets. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should,” “would” and “will” and variations of such words and similar expressions are intended to identify such forward-looking statements. Such statements are based on management’s expectations as of the date they were first made and involve risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Such risks and uncertainties include, among others, the uncertainty of regulatory approvals; risks and uncertainties related to Mobileye’s delisting from the NYSE and suspension of Mobileye’s reporting obligations under the Exchange Act; the ability of the parties to consummate the transactions and their plans described in this press release in the time expected or at all; the ability of Intel to successfully integrate Mobileye’s business; the market for advanced driving assistance systems and autonomous driving may develop more slowly than expected or than it has in the past; evolving government regulation of the advanced driving assistance systems and autonomous driving markets; the risk that we are unable to commercially develop the technologies acquired or achieve the anticipated benefits and synergies of the transaction; the risk that we are unable to develop derivative works from the technologies acquired; our ability to attract new or maintain existing customer and supplier relationships at reasonable cost; the failure to protect and enforce our intellectual property rights; assertions or claims by third parties that we infringe their intellectual property rights; the risk of technological developments and innovations by others; the risk of potential losses related to any product liability claims and litigation; the risk that the parties are unable to retain and hire key personnel; unanticipated restructuring costs may be incurred or undisclosed liabilities assumed; and other risks detailed in Intel’s and Mobileye’s filings with the SEC, including those discussed in Intel’s most recent Annual Report on Form 10‑K and in any subsequent periodic reports on Form 10-Q and Form 8-K and Mobileye’s most recent Annual Report on Form 20-F and in any subsequent reports on Form 6-K, each of which is on file or furnished with the SEC and available at the SEC’s website at www.sec.gov. SEC filings for Intel are also available on Intel’s Investor Relations website at www.intc.com, and SEC filings for Mobileye are available in the Investor Relations section of Mobileye’s website at ir.mobileye.com. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Unless otherwise required by applicable law, Intel and Mobileye undertake no obligation and do not intend to update these forward-looking statements, whether as a result of new information, future events or otherwise.

Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries. Mobileye, EyeQ®, and the Mobileye logo are registered trademarks of the Mobileye group in the United States and in other countries.

The post Intel Completes Tender Offer for Mobileye appeared first on Intel Newsroom.