Ford Acquires SAIPS for Self-Driving Auto Plan (F)

Ford Motor Co. (F) has recently announced bold plans to offer a “high-volume, fully autonomous SAE level 4-capable vehicle in commercial operation in 2021 in a ride-hailing or ride-sharing service.” As part of this larger initiative, Ford CEO Mark Fields revealed in a press event on Tuesday that the auto giant has acquired Israeli-based tech company, SAIPS. Fields also announced a myriad of new deals and investments, including a partnership with Nirenberg Nueroscience, to bring more “humanlike intelligence” to machine learning components of driverless car systems. (See also: Why Ford Spent $200K On a Tesla.) Leading Auto Maker Transforms into a ‘Mobility Company’ In a recent press release, Ford details plans to invest in or collaborate with at least four startups to pursue autonomous vehicle development. Particularly, Ford’s acquisition of…

Link to Full Article: Ford Acquires SAIPS for Self-Driving Auto Plan (F)

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