Intel on Tuesday pledged to invest more than $1 billion over the next five years to help bridge the digital divide and bring technology to developing nations. The program, dubbed Intel World Ahead, combines and extends the chipmaker's current initiatives within emerging markets.

The World Ahead Program will focus on three areas: accessibility, connectivity and education. Unlike efforts such as the One Laptop per Child (OLPC) foundation, which rival AMD is supporting, Intel says full-featured PCs are needed. Those computers would be tailored to a specific region.

The OLPC group is aiming to build a $100 laptop, while Intel is targeting a $300 price point for its low-cost PCs.

News source: BetaNews