Ford Motor Co. establishes an artificial-intelligence unit, hiring people who used to work at the shuttered Argo AI startup.
Ford Motor Co. said Thursday it has launched an artificial-intelligence unit focusing on driverless cars, hiring people who used to work at the shuttered Argo AI startup.
The unit’s... Ford Motor Co. said Thursday it has launched an artificial-intelligence unit focusing on driverless cars, hiring people who used to work at the shuttered Argo AI startup. The unit’s 550 employees were hired from the Ford-backed Argo AI startup that closed its doors last year. The auto maker wound down its investment in Argo AI in October, saying there were too many challenges to running a profitable network of fully self-driving vehicles soon. The company took a $2.7 billion impairment on its third-quarter results.At the time Argo AI shut down, Ford and VW indicated that the company’s technology was taking too long to commercialize.
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