Tekcapital acquires patent for technology that controls cars, trucks and drones using artificial intelligence

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Tekcapital PLC (LON:TEK) has licensed a patent developed by the Florida Agricultural and Mechanical University that could be the backbone of software for autonomously controlling cars, trucks and drones using artificial intelligence. The company, which is wrapping the intellectual property into its Guident business, says the technology may one day be used to develop an app that will dispatch vehicles to find a parking spots and then retrieve them again. Ford chief executive Jim Hackett spoke recently of solving that exact problem. "You waste more time trying to find a parking place than you do being stuck in traffic," he said. "That's because you're trying to match the open parking place with where the car needs to go.