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Argo AI Receives $1 Billion Investment from Ford in the Autonomous Vehicle Race

Bloomberg

Bryan Salesky is a 38-year-old blue-collar engineer and co-founder of Argo AI, a self-driving startup that has been entrusted with $1 billion by Ford Motor Co. The investment  is Ford’s way of trying to catch up to Alphabet Inc.’s Waymo and General Motors Co. in the driverless race. Ford took a majority stake in Argo last year and expects to deploy autonomous vehicles running its system by 2021.

Ford’s Chief Executive Officer Jim Hackett says Salesky’s work is “as important” to Ford as the invention of the internal combustion engine was more than a century ago. “This is going to be essential to the future vitality of vehicles.  That’s why I’m making an effort to talk to and see Bryan often.”

Read the article at Bloomberg.

The post Argo AI Receives $1 Billion Investment from Ford in the Autonomous Vehicle Race appeared first on Fleet Management Weekly.


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