BMW, Intel, and Mobileye NV are working to develop autonomous-car technology, reports Bloomberg, citing multiple sources. Senior executives from each company will hold an event on Friday to discuss the driverless-vehicle initiative, the report adds. From the article:Jerusalem-based Mobileye has been an early leader in providing cameras, software and other components that allow vehicles to see the world around them. BMW has been a client of Mobileye, along with General Motors Co. and Tesla Motors Inc. As automakers and their suppliers race to create systems to replace human drivers, most companies are betting on some form of artificial intelligence, which requires powerful processing.Reuters, citing one source, reports the same thing. The announcement will be a "turning point for the automotive industry," Amnon Shashua, the chairman and co-founder of Mobileye.