Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Or Login with

Sign in with facebook
Sign In with google

Sign up to CarWale

Please enter your name
Please enter your mobile number
Please enter your password
Please enter your password

Ford to invest $1 Billion in Argo Al for autonomous vehicles

February 12, 2017, 03:35 PM IST by Nikhil Puthran
Ford to invest $1 Billion in Argo Al for autonomous vehicles

As part of Ford’s plans to introduce self-driving cars for commercial ride sharing fleets by 2021, the company has announced it plans to invest $1 billion over next five years in tech startup company Argo Al. Pittsburg-based Argo AI will help Ford build a virtual driver system and once developed it might also be licensed to other companies as well.

Argo Al, founded by former executives from self-diving teams at Uber and Google, focusses on artificial intelligence and robotics. Their expertise will help Ford introduce fully autonomous vehicles by 2021. Ford Chief Executive Officer, Mark Fields was quoted as saying, “With Argo AI's agility and Ford's scale we're combining the benefits of a technology start up with the experience and discipline we have at Ford.” Last year, ford invested around $75 million to buy minority stake in Velodyne, a manufacturer of laser-based lidar sensing systems for self-driving cars.

The company’s efforts are likely to yield positive results as most automakers are moving towards developing electric and self-driving cars. This will help the American automaker follow the lines of Toyota Motor Corp’s $1 billion investment over five years to create its own robotics and artificial intelligence research division. General Motors also invested $500 million to buy a 9-percent stake in San Francisco-based ride services firm Lyft, a competitor to Uber. Additionally, GM has also acquired Silicon Valley based self-driving startup Cruise Automation.

Show CommentsHide Comments
  • Upcoming Cars

Ford Endeavour FaceliftFord Endeavour Facelift

22nd Feb 2019

29L - ₹ 35L
Honda CivicHonda Civic

7th Mar 2019

13L - ₹ 18L
Tata 45XTata 45X

Mar 2019

8L - ₹ 10L
BMW i8 RoadsterBMW i8 Roadster

Apr 2019

2.80Cr - ₹ 3Cr
Mahindra e20 NXTMahindra e20 NXT

Jul 2019

6L - ₹ 8L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in