Major automotive and technology companies are looking at self-driving cars as part of the foreseeable future. Intel is looking to join in the fray;CEO Brian Krzanich said at an LA Auto Show that the company would spend $250 million for the development of the autonomous vehicles.

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The commitment to invest such a large sum of money reveals Intel's plan to be a significant player in the future of self-driving cars. The company has already made progress in the areas of artificial intelligence, and machine learning, so it comes as no surprise. Intel has already been working with BMW and Mobileye to make a fully autonomous car by 2021.

Krzanich further elaborates that automotive industry is reaching a point wherein cars will be using sensors, cameras, and a number of other instruments. All these instruments will process massive amounts of data requiring equally massive, and impressive levels of computing, intelligence and connectivity. So it is most likely that Intel will look to handling and computing all the data.