Archived Fords billion-dollar self-driving car AI deal (arstechnica.com)
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Archived on: 5/12/2017 10:00:00 AM
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Archived Fords billion-dollar self-driving car AI deal (arstechnica.com)
submitted ago by FreeSpeachRocks
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[–] derram ago
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'Argo AI is based in Pittsburgh; co-founders Brian Salesky and Peter Rander are both alumni of Carnegie Mellon National Robotics Engineering Center. ', "This isn't the first strategic investment in self-driving technology from the Blue Oval."
'While Ford will be the majority shareholder in Argo AI, the company is structured to be able to offer what Fields described as "competitive equity" to employees. ', "As part of last August's reveal, the company announced it was investing in lidar sensor-maker Velodyne and 3D-mapping company Civil Maps."
'"Working together with Argo AI gives Ford a distinct competitive advantage at the intersection of the automotive and technology industries," said Raj Nair, Ford executive vice president of global product development and chief technical officer. '
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