Ford Investing $1 billion in self-driving artificial intelligence
Ford announced it is investing 1 billion dollars in machine learning startup Argo AI Argo AI will now become a subsidiary afford in order to develop the artificial intelligence necessary to enable self-driving pennsylvania-based Argo AI is a company dedicated to creating a software system that would guide self-driving cars ford CEO mark fields said Argo a is sole focus over the next five years will be developing self-driving software for ford vehicles the National Highway Transportation Safety Administration supports the technology as it means of reducing fatalities on us roads.
Why Argo AI ?
Ford has announced its investing 1 billion dollars over the next five years in pittsburgh-based artificial intelligence startup Argo AI let’s try to make sense why the carmaker is willing to drop one followed by a ton of zeros to develop a car technology what forward will get out of the deal with Argo ai4 is looking to roll out an autonomous vehicle in 2021 and it is camping are going i to develop a virtual driver system that will allow it still called look ma no hands vehicle of the future the next decade will be defined by the automation of the automobile and autonomous vehicles will have a significant impact on society as Ford moving assembly line did 100 years ago said lord president and CEO Mark field in a statement and Ford expands to be an auto and mobility company we believe that investing in are going i will create significant value for our shareholders by strengthening forwards leadership in bringing self-driving vehicles to market in the near term and by creating technology that could be licensed to others in the future the virtual driver system translated into English will be the brain of the self-driving car. By the way, there’s also a car technology known as DamagePix Mobile Application which can help detect car fixes and damages. this car technology will help the car learn so it will not crash into other vehicles slam into walls or hit pedestrians these so-called skills and the software will of course be dependent on hardware components such as cameras and sensors and so on that ford will focus on Ford have a team of experts developing this software and this team will collaborate with the robotics talent and expertise of the people from argo AI the car manufacturer is hoping that this move will of the chances of bringing at sea level for self-driving cars to consumers as scheduled working together with our way I gives four distinct competitive advantage at the intersection of the automotive and technology industries said Ford chief technical officer and executive vice president for global product development raj entire dot there is a war for talent out there while we have the majority we’re giving a significant chunk to Brian and peter and the employees so they can be competitive with the other startups in this space said fields who’s behind Dargo AI Argo is a relatively very young company consider it a baby as it was just founded last year sale ski is Argo AI CEO and co-founder render is also a co-founder who serves as the company’s feel oh the company is based in Pennsylvania and his headquarters in Michigan and California fail ski and render are not new in the self-driving vehicle Mitch those were from the robotics Institute of carnegie-mellon University the former led the hardware division of alphabet swimmer unit or what we know then at the Google self-driving car project the latter work as one of the top engineers of you were technologies are going i also has Brett browning at its vp for robotics rounding with a senior faculty member at the robotics Institute at Carnegie Mellon University he also led the mapping and localization team of you are we do not have an idea how big is our go AI team at the moment but the AI firm is planning to have 200 employees by the end of 2017 Ford is hoping to come up with a car that’s more intelligent and faith in the autonomous vehicles we see today and are going I shares the same vision autonomous vehicles have the potential to save thousands of lives to extend personal mobility too many who might not have it and transform the landscape of an urban setting on the safety front the always attentive capability of a self-driving vehicle can remove concerns over driver distraction sale ski road we are a team that believe in tackling hard meaningful problems to improve the world our ambitions can only be realized if we are willing to partner with others and keep an open mind about how to solve Problems