Ford makes $1bn investment in Argo AI to research and develop self-driving car tech

One of the world’s largest car manufacturers, US-based company Ford, plans to invest $1 billion to research and build artificial intelligence for its vehicles. Ford states that it will invest $1 billion in the Argo AI startup within the next five years, which will focus on building and developing self-driving car technology. At the beginning, Argo AI will build AI technology for Ford, exclusively, but after a few years it will do so for other manufacturers as well. This move is Ford’s biggest effort so far to enter the race for the car of the future, that Silicon Valley companies… [Continue Reading]