Ford to invest $1 billion in artificial intelligence for your car

Ford will pour $1 billion over the next five years into an artificial intelligence company tasked with developing the technology that will one day drive its autonomous vehicles. The technology could also be licensed to other automakers in the future, executives said. Pittsburgh-based Argo AI was founded late last year by Bryan Salesky and Peter Rander, who previously worked on self-driving car initiatives at Google and Uber, respectively. The company will include the staff inside Ford that has been developing its virtual driver system for the past several years. In a phone call last week, CEO Mark Fields said the investment will help Ford bring its self-driving cars to market by its previously stated goal of 2021.