Here's a stat for you: By 2014, cars will be in the top three fastest-growing segments for connected devices and streaming content. So it's not entirely surprising that Intel, which has continued to diversify its businesses in the last decade, is betting big on the connected car market. To that end, the chipmaker has created the Intel Capital Connected Car Fund to invest in technologies and companies that advance in-car infotainment systems.
Intel already has partnerships with BMW, Hyundai, Kia, Toyota and a handful of Chinese manufacturers, but this new fund will primarily finance private and public software and hardware ventures.
Autoblog, Intel socks away $100M for Connected Car Fund
