The unit is set to lead a $100m round for Horizon Robotics as part of $60m investment in data-focused companies, taking its total 2017 spending to almost $570m.

Intel Capital, the corporate venturing arm of semiconductor technology producer Intel, will lead a $100m series A+ round for China-based artificial intelligence chip developer Horizon Robotics, Bloomberg reported yesterday.

The unit’s contribution to the round will form part of the $60m of investments in 15 data-focused startups it disclosed yesterday. It has now provided a total of $566m for companies in 2017.

Wendell Brooks, president of Intel Capital, said: “By 2020, every autonomous vehicle on the road will create 4 TB of data per day. A million self-driving cars will create the same amount of data every day as 3 billion people.

“As Intel transitions to a data company, Intel Capital is actively investing in startups across the technology spectrum that can help expand the data ecosystem and pathfind important new technologies.”

Horizon Robotics is developing low-power, low-cost and high-performance processing units that will be used in artificial intelligence products.

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