As reported on Gadgets 360, Ford will invest $1 billion over five years in an artificial intelligence startup, Argo AI, with the aim of developing an autonomous vehicle by 2021. The auto giant released this news on Friday, Feb 10, claiming that this decision will give Ford an edge on competitors in the race to commercialize autonomous vehicles, said Ford executive vice president Raj Nair
Ford will take a majority stake in Argo AI, an artificial intelligence company based in Pittsburgh, started in late 2016 by former Google and Uber employees who had worked on autonomous driving. The venture will employ leading engineers and “roboticists” to develop a “virtual driver” system, described by Ford officials as the “brain” of an autonomous vehicle.