Ford invests $1 billion in Argo AI, founded by former Google and Uber leaders, which plans to develop autonomous driving system by 2021

Briefing

February 24, 2017

Briefing	Virtual Driver System – Invests $1 billion in startup Argo AI over next five years to develop virtual driver system, machine learning software that will serve as brain of autonomous driving vehicle to be launched in 2021 Argo's Experienced Leaders – Founded by former Google and Uber leaders who had led companies’ self-driving car teams Independent Operations – Will continue to operate independently from Ford, allowing it to make progress faster Adhoc Support – May also support Ford’s future efforts in ridesharing, ridehailing and package delivery fleets Technology Licensing – Can license its autonomous driving technology to other companies in future
Accelerator	Artificial Intelligence, Transportation and Mobility
Market Disruption	Innovation Partnerships
Business Model and Practices Business Model and Practices	Innovative Partnerships
Sector	Transportation and Logistics
Organization	Argo AI, Ford Motor Co.
Source	"Ford invests in Argo AI, a new artificial intelligence company, in drive for autonomous vehicle leadership," The Ford Motor Company, https://media.ford.com/; Collie, S., "Ford bets big on artificial intelligence for autonomy", New Atlas, http://newatlas.com/; AcceleratingBiz analysis
Original Publication Date	February 10, 2017

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