WELCOME TO CRISISFORUMS.ORG!
(1) Please swing by our "HELP CENTER" to view our forum rules prior to commenting.
(2) Acknowledge that by commenting or posting, you take full responsibility for the content and message of the information you put forth, which do not necessarily reflect the opinions of this website.
(3) If you would like to post your own discussion threads, just contact one of the staff so we can verify you as a human.

Ford is giving Google and Uber veterans $1 billion to build a self-driving car brain

Ford is giving Google and Uber veterans $1 billion to build a self-driving car brain

By Arnaldo Rodgers on February 12, 2017  from Veterans Today

A colossal investment in Argo AI

By Nick Statt

Ford announced plans today to invest $1 billion over the course of five years into a new, previously unheard of artificial intelligence startup called Argo AI. The company, which has operated in secret out of its Pittsburgh headquarters for months, was founded by Bryan Salesky, a multi-year veteran of Google’s self-driving team, and Peter Rander, who led autonomous efforts at Uber up until September 2016. Ford’s goal is to tap into Argo AI’s expertise to help establish the car company as a leader in the autonomous space.

The deal effectively means Ford is buying Argo and taking a majority stake in the company, though Ford is framing the deal as an investment instead of an acquisition. “From an accounting standpoint, [Argo AI] is a subsidiary,” said Ford CEO Mark Fields today at an event in San Francisco. “But in terms of how they’re operating and how we’re structuring the board, this gives them a lot of independence.” For instance, Ford and Argo plan to use equity in the startup as a recruiting incentive to lure engineers away from joining competitors

Read the Full Article at www.theverge.com >>>>


"We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

Sign In or Register to comment.