Intel socks away $100M for Connected Car Fund

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 BMWHyundaiKiaToyota and a handful of Chinese manufacturers, but this new fund will primarily finance private and public software and hardware ventures. The key technologies Intel will be focusing on are everything from vehicle-to-vehicle, vehicle-to-smartphone and vehicle-to-infrastructure systems, along with speech and gesture recognition, social media integration and eye tracking. Geeky details in the press blast below the fold.

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