Feb 12 2017
Argo certainly has the pedigree to make this a fruitful relationship - after all, founders Bryan Salesky (who now serves as the CEO) and Peter Rander (chief operating officer) formerly led the self-driving auto teams at Google and Uber, respectively.
"This open collaboration is unlike any other partnership - allowing us to benefit from combining the speed of a startup with Ford's strengths in scaling technology, systems integration and vehicle design", said Raj Nair, Ford's chief technical officer and executive vice president of global product development.
The $1 billion investment over the next five years - which turns the AI startup into a subsidiary of the more than 100-year-old automaker - is part of a string of big bets Ford has made on self-driving cars in the last year. The company was formed "late last year" by Salesky and Rander, both alumni of Carnegie Mellon University's National Robotics Engineering Center, which is a leader in the development of artificial intelligence and autonomous driving technology. Bryan Salesky, Argo CEO and co-founder, said that teams will be integrated within a few months.
"This is a move by Ford to be able to attract and retain talent", said Mike Ramsey, an analyst for Gartner, a research firm. The latter, which will now have five board members has also revealed plans to have more than 200 team members by the end of this year. The company has been structured to operate with a good amount of independence.
Mark Fields, president and chief executive of Ford. Ford also noted that the technology developed by Argo AI could eventually be licensed out.
-In the race to make self-driving cars an everyday reality, Ford may have just pulled into the lead. Salesky said, "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".
"We were very impressed".
Ford is taking another big step in its ambitious self-driving vehicle project. Ford will be the majority stakeholder in the company.
Experts have long warned that legacy automakers such as Ford risk being disrupted by tech companies like Google. He also led the mapping and localization team of Uber.
Argo AI, based in Pittsburgh, will provide the "brains" for virtual driving systems.
The Argo AI team will focus totally on developing Level 4 autonomy without driver input.
Feb 12 2017
Lake Oroville overflows into emergency spillway
Its reservoir provides fresh water to much of Central California's farmlands and homes, and businesses in Southern California. State engineers repeated that Oroville's earthen dam - a separate structure from the spillway - was not in any danger.
Feb 10 2017
Family Vows to Fight for Arizona Mom Deported Under Trump's Order
As protestors surrounded the auto and held signs urging ICE not to breakup families, they shouted "liberation, not deportation". Immigrant advocates say her detention reflects the severity of the Trump administration's crackdown on illegal immigration.
Feb 10 2017
Freddie Mac: Mortgage Rates In Holding Pattern Due To Economic Uncertainty
These applications rose 2 percent for the week and are at a 3.6 percent higher than they were a year ago. The short term, popular 15 year fixed rate mortgages can be had for 3.710% today and an April of 3.894%.
Feb 09 2017
Falcons Super Bowl appearance causes hilarious tardy excuses
Manuel is now the defensive backs coach, Henderson is a defensive passing game coordinator and Ulbrich is the linebackers coach. Atlanta could also explore moving assistant head coach/wide receivers coach Raheem Morris to that defensive coordinator vacancy.
Feb 09 2017
Canada's population now at 35 million, growth in Waterloo Region and Guelph
Well, today's numbers are the first of seven data sets from the 2016 census, set to be released over the course of the year. Both Prince Rupert and Port Edward saw a population decline in the past five years, revealed the latest 2016 census data .
Feb 09 2017
Microsoft will soon bring UWP games to your Xbox One
Microsoft officials said today that the Windows 10 Creators Update software development kit is feature-complete, as of this point. And as Petri pointed out, it's likely just a matter of time before hackers "jailbreak" Windows 10 Cloud to run the full version.
Feb 07 2017
Sergio Aguero casts Man City future into serious doubt after Swansea snub
Meant to be a backup for Aguero, along with fellow backup Kelechi Iheanacho, Jesus has quickly gotten used to English soccer. Aguero is City's top scorer this season with 18, 11 more than Raheem Sterling , who is next on the list.
Feb 07 2017
Suspect In Queens Jogger's Violent Rape And Murder Arrested
As of right now, it would appear Karina Vetrano's heartless killer has allegedly been taken off of the streets. On Saturday afternoon, the Medical Examiner's officer reported a match with his DNA at Vetrano's crime scene.
Feb 06 2017
Rahul and Akhilesh will hold road show in Agra on Friday
Sources in the SP said that if 30-40 rebels get elected Shivpal could spoil Akhilesh's party, especially if it is a hung assembly.
Feb 05 2017
United Kingdom services growth cools as costs dominate firms' concerns
Activity in the U.S. services sector hit a 14-month high in January, according to data released on Friday. But the Bank's 2017 forecast is now higher than those of most private sector economists.
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