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February 11, 2017 06:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/0X5MHgTHuIw/ford-just-invested-1-billion-in-self-driving-cars
Ford Just Invested $1 Billion In Self-Driving Cars
An anonymous reader quote USA Today:Ford Motor is betting $1 billion on the world's self-driving car future. The Detroit automaker announced Friday that it would allocate that sum over five years to a new autonomous car startup called Argo AI, which is headquartered in Pittsburgh, Pa., and will have offices in Michigan and California. Ford's financial outlay is part of a continuing investment strategy anchored to transforming the car and truck seller into a mobility company with a hand in ride-hailing, ride-sharing and even bicycle rentals. Lucas123 writes:Argo AI founders CEO Bryan Salesky, and COO Peter Rander are alumni of Carnegie Mellon National Robotics Engineering Center and former leaders on the self-driving car teams of Google and Uber, respectively. Argo AI's team will include roboticists and engineers from inside and outside of Ford working to develop a new software platform for Ford's fully autonomous vehicle, expected in 2021. Ford said it could also license the software to other carmakers.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/0X5MHgTHuIw/ford-just-invested-1-billion-in-self-driving-cars
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