Ford To Invest $1B In Self-Driving AI

CHICAGO, IL - FEBRUARY 09: Ford introduces the 2018 Expedition at the Chicago Auto Show on February 9, 2017 in Chicago, Illinois. The auto show, which is the nation's largest, is open to the public February 11-20. Autonomous cars are still mostly in test-drive where our streets are concerned, but the race for this technology now has many major firms kicking their AI investment into high gear. Ford Motor Company announced Saturday that it intends to invest $1 billion in Argo AI, an artificial intelligence start-up led by some familiar industry faces, over the next five years. The company's aim is to develop a virtual driver system for the autonomous vehicle it plans to roll out in 2021, and--presuming the price is right--for use with other automakers'.