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Monthly Archives: May 2017

Ford makes self-driving vehicles a reality with artificial intelligence

Artificial intelligence is the theory and development of computer systems capable of performing tasks that normally require human intelligence. Ford Motor Company has announced its US$1 billion investment in Argo AI, an artificial intelligence company, to develop a virtual driving system for their autonomous vehicle launching in 2021.

Ford is expanding into an auto and a mobility company. They believe that investing in Argo AI will create significant value for their shareholders by strengthening the company’s leadership position in bringing self-driving vehicles to market in the near term and creating technology that could be licensed to others in the future.

The partnership aims to deliver the virtual driver system for Ford’s SAE level 4 self-driving vehicles. Argo AI plans to join forces with Ford’s autonomous vehicle software development effort to strengthen the commercialization of self-driving vehicles.

The successful deployment of self-driving cars will fundamentally change how people and goods move. This partnership will enable self-driving cars to be commercialized and deployed at large, extending affordable mobility to all.

We will continue to monitor the use of artificial intelligence and its development. Because the journey into the use of artificial intelligence is just beginning, there is excitement to see what the future holds.

Source: http://www.canadianunderwriter.ca/insurance/ford-investing-us1-billion-five-years-ai-company-develop-virtual-driver-system-1004108813/