On this day, Ford announces that they will investing $1 billion dollars toward the research for self-driving cars. They will be investing in a tech start-up known as Argo AI. Argo AI will be developing technology that is pertinent to the future of autonomous cars. In a sense, they will be creating the brain of this not so distant reality. The CEO of Argo AI, Brian Salesky, said the investment will allow Argo AI to recruit the talent that is needed to create the systems.
As a part of this agreement Argo AI must become a part of Ford. Mark Fields, the CEO of Ford, 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.” With that being said, self-driving cars are closer than you think.
Ford had previously released a statement that claimed they would be selling a self-driving car by 2021. Ford then added to this comment by saying the cars will be limited to urban environments and will most likely be used as a driverless taxi. Could you imagine that? You need a ride for the night, so you set up an uber. The Uber pulls up and there is no steering wheel or driver. Since upstate New York won’t allow services like Uber, all I can do is imagine. Check out this article below for more details or other articles that relate to the subject.