Story image

Ford’s US$1 billion artificial intelligence startup: Everything you need to know about Argo AI

Ford acquired Argo Ai back in February and the company is planning on investing US$1 billion over the next five years in the startup.

They combined Ford’s autonomous vehicle development expertise with Argo AI’s robotics experience and startup speed on artificial intelligence software to start working on a massive project.

Founded by former Google and Uber employees, Argo AI will include roboticists and engineers from inside and outside of Ford working together on developing a new software platform for Ford’s fully autonomous vehicle, which is said to be coming in 2021.

Mark Fields, Ford CEO says, “The next decade will be defined by the automation of the automobile, and autonomous vehicles will have as significant an impact on society as Ford’s moving assembly line did 100 years ago.

“As Ford expands to be an auto and a mobility company, we believe that investing in Argo AI will create significant value for our shareholders by strengthening Ford’s leadership in bringing self-driving vehicles to market.”

The partnership between Ford and Argo aims to deliver the virtual driver system for Ford’s SAE level 4 self-driving vehicles.

Salesky says, “We are at an inflexion point in using artificial intelligence in a wide range of applications, and the successful deployment of self-driving cars will fundamentally change how people and goods move.

“We are energized by Ford’s commitment and vision for the future of mobility, and we believe this partnership will enable self-driving cars to be commercialized and deployed at scale to extend affordable mobility to all.”

The collaboration supports Ford’s intent to have a fully autonomous, SAE level 4-capable vehicle for commercial application in mobility services in 2021.

It’s been six months since the two companies joined together and it's been relatively silent.

Yet, recently Argo CEO revealed that he is confident that this partnership will deliver self-driving cars by 2021. 

This is a bold claim, but Ford is investing a lot of money and intelligent minds in this project. 

 Ford is the majority stakeholder in Argo AI, so it is safe to say that the company is under a lot of pressure to deliver on the technology for their massive backer.

By the end of this year, Argo AI expects to have more than 200 team members, based in the company’s Pittsburgh, USA, headquarters.

Samsung & Trade Me offer AI-powered shopping
The smartphone camera & AI-powered tech, Trade Me says, is a ‘glimpse into the future of shopping’.
Neill Blomkamp's 'Conviction' is a prequel to BioWare's Anthem
You may remember Neill Blomkamp’s name from such films as District 9, Chappie, and Elysium. If you’ve seen any of those films, the short teaser trailer will seem somewhat familiar to you.
Security flaw in Xiaomi electric scooters could have deadly consequences
An attacker could target a rider, and then cause the scooter to suddenly brake or accelerate.
617 million stolen records up for sale on dark web
It may not be the first time the databases have been offered for sale.
IBM’s Project Debater unable to out-debate human
At this incredible display of technology, the result was remarkably close but the human managed to pip the machine in this instance.
LPL to broadcast weekly programming on Sky Sports
Let’s Play Live (LPL) has now announced it will broadcast weekly programming for the rest of 2019 on the Sky Sports channel from Sky TV. 
When hackers get the munchies, they just steal McDonalds
What happens when hackers get the munchies? Apparently in Canada, they decide to put their ‘hamburglar’ gloves on and go after unwitting people who happen to use the McDonalds app.
The smart home tech that will be huge in 2019
For millennial home buyers, a generation for whom technology has been ever-present, smart systems are the features they value above everything else.