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Intel Capital (INTC), the chip giant's VC arm, is announcing a $100M fund that will invest in...

Intel Capital (INTC), the chip giant's VC arm, is announcing a $100M fund that will invest in companies developing automotive technologies and services, with the goal of creating new in-vehicle services and improving device connectivity. The company is also opening up a German lab that will focus on automotive innovations. (more)
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  • Hubert Biagi
    , contributor
    Comments (718) | Send Message
    A research facility in Germany? Speaks volumes about the American car industry. In spite of the Obama campaign/union rhetoric, real engineering innovation in the US is going away. We're good at "designing" stuff, of specifying the look and feel, the functionality, but the real nuts and bolts of many successful products are being developed and produced somewhere else. Why? We're turning into a marketing and sales (hype) based economy. Mostly because of American attitudes, i.e., let someone else figure out the problem; just "show me the money". Even our presidential campaigns look more and more like a non-stop sales pitch. What happened to real leadership? It's been replaced by populism.
    29 Feb 2012, 12:32 PM Reply Like
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