Ford is putting $1 billion into an AI startup, Detroit’s biggest investment yet in self-driving car tech

Ford is putting $1 billion into an AI startup, Detroit's biggest investment yet in self-driving car tech

Ford has made Detroit’s biggest investment yet in self-driving technology, acquiring a majority stake in artificial intelligence startup Argo AI for $1 billion, the company announced on Friday. Argo AI was founded by two top engineers from Google and Uber who were both previously at Carnegie Mellon’s robotics institute. The startup plans to use its expertise in AI to develop software for self-driving vehicles.

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