Home » Feature » Ford to Invest $1 Billion in AI Startup to Advance Self-Driving Vehicle Effort

Ford to Invest $1 Billion in AI Startup to Advance Self-Driving Vehicle Effort

Ford has announced that it will invest $1 billion over the next five years in Argo AI, an artificial intelligence startup founded by roboticists and engineers who formerly led the self-driving car programs at Google and Uber.

The commitment is intended to accelerate Ford’s autonomous vehicle program, which aims to deliver an SAE level 4-capable vehicle for commercial use by 2021.

Under the terms of the arrangement, Ford will continue to control development of hardware and lead the self-driving car effort in the areas of systems integration, manufacturing, design and policy management while Argo AI will contribute to development of its virtual driver system.

By the end of the year, Argo AI is expecting to have 200 employees based in Pittsburgh, Southeastern Michigan and the San Francisco Bay Area.

As part of the announcement, Ford indicated that it may consider licensing technology developed in conjunction with Argo AI to third parties.





 

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  1. mrickan
    The timing and magnitude of this investment makes me wonder if Ford believes that they've stumbled upon a silver bullet or if they're falling behind and need to catch up.

    It's amazing how much effort is going in to the development of self-driving vehicles and yet it's tough to imagine insurance companies and regulators not ultimately mandating an industry standard solution.
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