Skip to main content

Ford bets $4 billion on its self-driving future


Ford announced yesterday that it’s spinning off its self-driving efforts into a standalone company in the US: Ford Autonomous Vehicles LLC. The new firm will be tasked with overseeing development of self-driving tech in Detroit, Michigan, as well as running a network of autonomous vehicles once it launches in 2021. It’ll be supported by a total of $4 billion in funding over the next five years, which includes $1 billion that Ford is investing in Argo AI, a self-driving tech company based in Pittsburgh. That should give Ford a chance to compete against the numerous other companies – including tech…

This story continues at The Next Web

from The Next Web https://ift.tt/2JSYwm4
Labels:

Comments

Post a Comment

Popular posts from this blog

TNW Podcast: Oscar Kneppers on academic startups; ESA wants to detect space-time ripples

Welcome to the new episode of the TNW Podcast — the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the most interesting people in the industry. In today’s episode, Andrii and Linnea talk about a new European space mission, AI-generated podcasts, antiquated tech in German trains, and much more. In the interview section, we’re featuring a conversation with Oscar Kneppers, CEO of the Amsterdam Centre for Entrepreneurship, or ACE. He’s also founded several well-known local publications and one of the country’s major startup accelerators, Rockstart. Here are the stories and… This story continues at The Next Web from The Next Web https://ift.tt/a6AlDsr
Post a Comment
Read more

Swiss startup believes this forgotten element is the key to safe nuclear energy

Nuclear energy is undergoing a renaissance. Across Europe, governments are pouring huge amounts of money into new power plants while startups are busily working on smaller, modular alternatives.  Most of these plants rely on uranium, the radioactive metal that fuelled the atomic age (and contributed to a couple of catastrophic meltdowns). However, Swiss startup Transmutex wants to reinvent nuclear energy using a lesser-known element called thorium.  Uranium’s forgotten cousin Thorium is a lead-like metal that is mildly reactive, but four times more abundant than uranium and a lot safer to handle. However, thorium is a fissionable material but not a… This story continues at The Next Web from The Next Web https://ift.tt/ideQqVM
Post a Comment
Read more

If you’re having problems with your home WiFi network, this Asus router might be your answer

TLDR: The Asus AC1900 WiFi Router has cloud controls, AI advances and a host of special features that make it a premium router upgrade model, particular at nearly 40 percent off. You can go without a refrigerator for a day or two. You can survive without an oven, or a microwave, or your fancy coffee brewing system. But there’s no faster way to bring an entire household to a screeching halt and the edge of imminent panic than if the WiFi router sputters or fails. WiFi is the lifeblood of any modern home — and considering how many smart devices… This story continues at The Next Web from The Next Web https://ift.tt/398EUKv
Post a Comment
Read more