Ford has invested $1 billion into Argo AI. For a sign of Ford’s intent when it comes to self-driving cars, you needn’t look further than the $1 billion investment it made into Argo AI last year. That may seem petite compared to the staggering $175 billion valuation Waymo is swinging around, but throwing $1 billion at a Pittsburgh-based startup shows that Ford is intent on being a contender when it’s finally time for the rubber to hit the road sans driver.
Argo chose Miami, Florida as the model city to demonstrate the self-driving ridesharing program.
The self-driving cars currently are flawed. They as of now, require two people to ensure the cars do what they are supposed to. Ford is taking its time in perfecting its technology.