Ford Motor Buys Robotics Startup for $1 Billion to Obtain Expertise in Driverless Vehicles

Published by , February 12, 2017 5:20 pm

(AP.BigStory)  Ford Motor paid $1 billion to take over a budding robotics startup to acquire more expertise needed to reach its ambitious goal of having a fully driverless vehicle on the road by 2021. The announcement comes just a few months after the Pittsburgh startup, Argo AI, was created by two alumni of Carnegie Mellon University’s robotics program, Bryan Salesky and Peter Rander.
“This is likely a realization that Ford is behind relative to companies like GM, Audi, Volvo, Waymo and Uber, and is trying to catch up,” said Raj Rajkumar, a Carnegie Mellon computer engineering professor who leads the school’s autonomous vehicle research.”

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