Ford invests $1bn in Argo to establish self-driving software application
Ford has revealed plans to invest $1 billion into an synthetic intelligence start-up called Argo AI, as the business accelerates advancement of completely autonomous cars.
The $1 billion investment will be seeded over a five-year period, with the marque planning to introduce a car capable of driving itself totally by 2021.
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• Self-driving cars: whatever you requirement to know
Founded by former Google as well as Uber engineers, who were working on self-driving jobs at those companies, Argo AI will be tasked with establishing the software application platform for Ford’s production self-driving system. Ford engineers are to be put within the start-up firm.
The innovation which will be produced by the partnership may not be restricted to just Ford cars either – the producer states it might be licenced to others in the future as well.
• Opinion: Ford’s wise relocation is focusing on cars and trucks as well as mobility solutions
It’s the most recent relocation in Ford’s push to ended up being much more than just a vehicle business – CEO mark fields has on a regular basis touted that Ford is now a “mobility” business too, as well as has ambitions to do much more than just offer cars.
Last year, the business exposed that its high volume self-driving vehicle touted for introduce in 2021 might be utilized to operate an automated taxi service, without any chauffeurs as well as no human controls.
Will Ford fracture the self-driving vehicle formula by 2021? let us understand your thoughts in the comments.