The idea could bring up concerns about privacy, but Krzanich has already thought of how to minimize those worries.

The benefits of having self-driving cars go far beyond automatic parking or fewer accidents, Intel CEO Brian Krzanich told CNBC on Thursday.

Among those other benefits: Driverless cars will double as security cameras, he said from the sidelines of the Code Conference in California.

"I always say that the cars are going to be out there looking, so the next time an Amber alert comes up and they're looking for a license plate, the cars should be able to find that license plate quite rapidly," said Krzanich.