Feb 13, 2017

Ford pledges $1bn for AI start-up

Ford intends to have an autonomous vehicle ready to launch in 2021. The investment makes Ford the firm's majority stakeholder. "The next decade will be defined by the automation of the automobile, and autonomous vehicles will have as significant an impact on society as Ford's moving assembly line did 100 years ago," said chief executive Mark Fields. Ford has two autonomous vehicles currently licensed for testing in California but a recent report revealed that they only covered 590 miles in 2016. In the same period BMW reported 638 miles and one disengagement of autonomous control, and Google 636,000 miles and 124 disengagements.

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