13 Feb '17, 8am

via @eetimes

MADISON, Wis. — Ford Motor Company announced Friday a $1billion investment over the next five years in a startup called Argo AI (Pittsburgh), founded by two top AI robotic talents Bryan Salesky and Peter Rander. Salesky and Randar are alumni of the Carnegie Mellon National Robotics Engineering Center and former leaders on the self-driving car teams of Google and Uber. Ford will be the majority stakeholder in Argo AI. Although Argo AI will become technically Ford’s subsidiary, the automaker said Argo AI has been structured to operate with substantial independence. Ford President and CEO Mark Fields said during the press briefing, “There is a war for talent going on out there.” He explained that Argo employees will have significant equity in the company, which he believes will make it easier to hire top talent. “Our short term goal for Argo AI is to bring SAE’s Level 4 auton...

Full article: http://www.eetimes.com/document.asp?doc_id=1331341

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