Intel’s Mobileye IPO Not Capital Raise but Market Entry for Self-Driving Tech Firm, CEO Pat Gelsinger Says

Intel’s initial public offering of its self-driving tech company Mobileye was not a capital raise but part of the company’s efforts to make an entry into the market, CEO Pat Gelsinger said on Monday. He also said he believes self-driving cars could become commonplace on the streets by the middle of the decade. Gelsinger was asked about why Intel was moving ahead with …