Ford steers $1 billion into Argo AI self-driving car brain startup
Ford announced today a $1 billion investment in machine-learning startup Argo AI. Argo AI was founded by Bryan Salesky, a multi-year veteran of Google’s self-driving team, and Peter Rander, who led autonomous efforts at Uber up until September 2016.
Ford CEO Mark Fields said, “For accounting purposes, Argo AI will be a subsidiary of Ford, but have a lot of independence. Its sole focus over the next five years will be developing self-driving software for Ford vehicles.”
Also published on Medium.