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Intel CEO believes autonomous driving data is the new oil
The LA Auto Show may be remembered more for its technologies than the actual cars it showcased. That’s because automakers and technology companies are no longer isolated; instead, they’re part of a new and fascinating picture in which, when it comes to the future of automobiles, “data is the new oil.”
Intel CEO Brian Krzanich, delivering a keynote address at the Automobility LA conference (as part of the LA Auto Show) on Nov. 15, described the confluence of automobiles, data dependence, and connectivity as being equally valuable as an integrated whole as automobiles currently are on oil. Krzanich stated,
“We are in a time when technology is valued not just for the devices it produces, but for the experiences it makes possible. Data has the potential to radically change the way we think about the driving experience: as consumers, as automakers, as technologists, and as citizens of our communities,”
Intel’s interest in self-driving vehicles has grown over the last year after acquiring machine vision company, Itseez, Inc. this past May. With Itseez in its portfolio, Intel is developing algorithms and implementations of computer vision around automobiles, among other applications. Additionally, a partnership with BMW and system-on-a-chip maker and ex-Tesla partner Mobileye may produce an open platform for designing autonomous vehicles.
“It’s not enough just to capture the data,” Krzanich argued. “We have to turn the data into an actionable set of insights to get the full value out of it. To do that requires an end-to-end computing solution from the car through the network and to the cloud — and strong connectivity.”
Krzanich’ keynote speech marks the first time that Intel, the semiconductor conglomerate, has ever had a prominent role at an automobile show. It follows an editorial that he wrote earlier in the year in which he outlined five key points to accelerate Intel’s transformation from a PC company to a company that powers the cloud and billions of smart, connected computing devices. According to Krzanich:
- The cloud is the most important trend shaping the future of the smart, connected world. Virtualization and software are increasingly defining infrastructure in the cloud and data center.
- The many “things” that make up the PC Client business and the Internet of Things are made much more valuable by their connection to the cloud. The Internet of Things encompasses all smart devices – every device, sensor, console and any other client device – that are connected to the cloud. Everything that a “thing” does can be captured as a piece of data, measured real-time, and is accessible from anywhere. The biggest opportunity in the Internet of Things is its ubiquity.
- Memory and programmable solutions such as FPGAs, which are integrated circuits that can be programmed in the field after manufacture, will deliver entirely new classes of products for the data center and the Internet of Things. Breakthrough innovations and products to the cloud and data center infrastructure are revolutionizing the performance and architecture of the data center, with growth for years to come.
- 5G will become the key technology for access to the cloud, providing computing power to a device and connecting it to the cloud makes it more valuable. The example of the autonomous vehicle, with its need for connectivity to the cloud alongside the cloud’s need for machine learning capabilities, requires the most up-to-date algorithms and data sets to allow the vehicle to operate safely. In this way, connectivity is fundamental to every one of the cloud-to-thing segments we will drive.
- Moore’s Law, in which Intel co-founder Gordon Moore in 1965 noticed that the number of transistors per square inch on integrated circuits had doubled every year since their invention, will continue. This concept has fueled the recent technology revolution.
Krzanich elaborated at the Automobility LA conference that autonomous cars may soon utilize sensors from LIDAR, sonar, and radar, as well as GPS and cameras. A single autonomous vehicle could generate approximately 4 terabytes (4,000 GB) of data daily. “Every autonomous car will generate the data equivalent of almost 3,000 people. Extrapolate this further and think about how many cars are on the road. Let’s estimate just 1 million autonomous cars worldwide — that means automated driving will be representative of the data of 3 billion people,” Krzanich said.
The keynote speech augmented an Intel press statement that its Capital division will invest $250 million over the next two years into developing technologies around autonomous vehicles, which are “areas where technology can directly mitigate risks while improving safety, mobility, and efficiency at a reduced cost; and companies that harness the value of the data to improve reliability of automated driving systems.”
Source: Brian Krzanich Editorial
Lucid CEO Silvio Napoli responded to rumors of an imminent bankruptcy that was reportedly being mulled after a report stated the automaker was working with the firm AlixPartners to iron out its next steps.
The company felt a massive loss on Wall Street yesterday, as the report essentially pushed the stock down as much as 55 percent on Tuesday.
The report, published initially by Eletric-Vehicles.com, claimed Lucid was essentially in dire straits and was told by AlixPartners, a commonly used restructuring advisor, to either take shares private or file for Chapter 11 bankruptcy protection.
Lucid’s head of Communications, Nick Twork, immediately challenged the report and stated the company “has sufficient liquidity to carry its operations well into next year.”
Now, the company’s CEO is chiming in as well, stating that the report is “so far from the facts that they require a direct response.”
Napoli said:
“Lucid is not considering bankruptcy or a transaction to take the company private. Those reports are false. The Board did not explore either scenario. Period.
As disclosed in our most recent quarterly filing, Lucid has sufficient liquidity to fund its operations well into next year.
We work with outside advisors to improve operational performance and execution. They are not advising Lucid on a take-private transaction or bankruptcy, and any suggestion that they have recommended either course of action to management or the Board is false.
My priority is clear: turn this company around. That is where the leadership team and I are focused.
I look forward to providing a full update during our quarterly earnings call on August 4th.”
🚨 Lucid CEO Silvio Napoli calls rumors of financial issues “so far from the facts that they require a direct response.”
Read his full remarks here: https://t.co/t3Pg1NHvzy pic.twitter.com/LvHUPhO4Qf
— TESLARATI (@Teslarati) July 15, 2026
It seems pretty clear that Lucid is confident things will be okay, and, to be honest, they should not have much to worry about, especially considering the company has been backed by the Saudi Public Investment Fund (PIF) for years. It has solid financial backing, and its sales, while weak, are pretty much right on par with a company of this age.
Lucid also sent a Cease & Desist letter to the publication for their report.
Lucid shares have rebounded nicely and are up nearly 21 percent at the time of publication. As soon as the company dispelled the rumors of bankruptcy yesterday, the stock began to climb back toward more reasonable levels.
Tesla has once again demonstrated strong customer focus by swiftly addressing and fully refunding a bizarre Supercharger pricing glitch that affected drivers in Atlantic Canada.
The issue surfaced earlier this month when the Tesla app began displaying dramatically inflated per-minute charging rates at stations in Prince Edward Island and parts of New Brunswick.
One widely shared screenshot from a Charlottetown, PEI Supercharger showed rates reaching ridiculous levels: $6.00 per minute for the 180-250 kW tier, along with $3.57/min for 100-180 kW and $2.29/min for 60-100 kW.
Correct pricing will be going live at midnight tonight. All fees since July 2nd 2026 will be waived.
— Tesla Charging (@TeslaCharging) July 13, 2026
These figures were several times higher than normal Supercharger pricing in the region.
To put the error in perspective, charging at the highest incorrect rate would have been shockingly expensive.
At 250 kW, a common charging speed at Superchargers, a vehicle pulls roughly 4.17 kWh per minute. Under the glitch, a driver spending just 10 minutes at peak power would face a $60 bill. A typical 20- to 30-minute session to add meaningful range could have cost $120 to $180 or more, before any congestion fees.
Tesla gets another layer of gamification with Free Supercharging on the line
By comparison, standard Canadian Supercharger rates usually fall between $0.25 and $0.60 per kWh, making a similar session cost roughly $15–$40. The erroneous per-minute structure, combined with the inflated numbers, turned what should be a convenient stop into a potential financial shock.
The glitch appears to have started sometime around early July, and quickly drew attention on social media as owners questioned whether Tesla had implemented steep hidden increases. Some drivers even reported seeing $0 charges in their history, indicating broader billing confusion.
Tesla’s official Charging account on X stated that correct pricing would roll out at midnight on July 13, so the fix is already in effect. More importantly, the company announced it would waive all fees for every Supercharger session since July 2. This blanket waiver covers the entire affected period without requiring users to file individual claims, with automated refunds expected soon. The decision affects stations in PEI and nearby areas in New Brunswick and Nova Scotia.
It’s a classy move, and rather than issuing partial credits or forcing owners to submit support tickets, Tesla simply absorbed the cost of the system error and made drivers whole. In an industry where hidden fees and bill disputes are common, Tesla’s proactive, no-questions-asked approach reinforces owner trust and highlights the company’s commitment to service excellence.
The incident, while disruptive for a short time, ultimately showcases Tesla’s ability to own mistakes and prioritize customer satisfaction. Atlantic Canada Tesla owners can now charge with confidence again, knowing the company has their back when technology glitches occur.
In an era of complex EV billing, such transparency and generosity are refreshing and set a positive example for the industry.
SpaceX’s Starlink has launched its latest residential hardware kit: the V5. Designed for reliable high-speed internet, the new terminal represents a significant leap forward in user equipment.
The next generation Starlink Kit is designed to deliver reliable, high-speed home internet. Starlink V5 has a smaller form factor and lightweight design with greater power efficiency than the Starlink V4.
With speeds up to 375+ Mbps, Starlink V5 delivers seamless connectivity… pic.twitter.com/0dorU6n0oD
— Starlink (@Starlink) July 14, 2026
The new V5 Starlink kit features a dramatically smaller and lighter form factor, measuring approximately 384 mm x 306 mm x 34 mm and weighing just 1.1 kg, which is less than half the weight of the previous V4 model, which was 2.9 kg.
This compact design makes installation easier and more versatile, whether mounted on a roof, pole, or even integrated with a pipe adapter. An integrated LED light aids setup in low-light conditions.
Power efficiency sees major gains too. The V5 draws only 35-50W, reducing energy consumption and making it ideal for off-grid or solar-powered setups. Despite its smaller size, performance remains robust. Starlink claims peak speeds of 375+ Mbps, supported by a new Wi-Fi 6 Router Mini that covers up to 2,200 square feet and connects up to 235 devices simultaneously.
The kit maintains strong signal reliability in diverse environments, from urban rooftops to remote rural areas, as demonstrated in the promo footage released by SpaceX, showing seamless operation under cloudy skies.
These improvements expand suitable applications considerably. Households can enjoy lag-free 4K streaming, smooth video conferencing, online gaming, and smart home device management without interruption. The V5’s efficiency and portability also benefit RVs, small businesses, and temporary installations in disaster-recovery zones where quick deployment is critical. Its lightweight build lowers shipping costs and simplifies user handling compared to bulkier predecessors.
Starlink’s Broader Impact on Global Internet Connectivity
Since SpaceX began launching Starlink satellites in 2019, the constellation has grown rapidly. By mid-2026, over 10,400 satellites orbit Earth, with thousands more deployed annually. This massive low-Earth-orbit network delivers broadband to approximately 160 countries and territories, reaching millions of users who previously lacked reliable internet access.
Starlink plays a vital role in bridging the digital divide. It provides essential connectivity to remote communities, maritime vessels, airlines, and regions affected by natural disasters or infrastructure gaps. By combining advanced satellite technology with iterative hardware upgrades like the V5 kit, SpaceX continues to push the boundaries of global internet access, fostering education, economic opportunity, and emergency response capabilities worldwide.
As production ramps up, the V5 promises to make high-performance internet even more accessible to users everywhere.
Elon Musk’s Texas ranch to showcase the lifelong work that changed the world
Lucid CEO dispels any rumors of bankruptcy: ‘So far from the facts’
