Ford Hires 550 Former Argo.ai Engineers, Creates Latitude.ai
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Re: Ford Hires 550 Former Argo.ai Engineers, Creates Latitude.ai
#2> Latitude AI – a Ford subsidiary – is developing new automated driving technology with an initial focus on a hands-free, eyes-off driver assist system for next-generation Ford vehicles
Not that every company should follow Tesla's approach, but I think it would be great if other companies don't get too focused on their production systems being eyes-off, hands-off. I'd much prefer more people having access to these systems _sooner_ with monitoring to ensure that they're paying attention.
Tesla Autopilot, Hyundai's lane keep, etc. are such fantastic systems when you commute in high traffic areas and/or you have a long commute - even if you have to monitor the thing.
Re: Ford Hires 550 Former Argo.ai Engineers, Creates Latitude.ai
#3> Latitude AI – a Ford subsidiary – is developing new automated driving technology with an initial focus on a hands-free, eyes-off driver assist system for next-generation Ford vehicles Not that every company should follow Tesla's approach, but I think it would be great if other companies don't get too focused on their production systems being eyes-off, hands-off. I'd much prefer more people having access to these sy…
Hyundai’s lane keep is so bad that I don’t trust it at all. In the three times I’ve tried to use it, it started to veer off the road suddenly and in strange ways on even the slightest curve. It should be recalled and disabled.
Re: Ford Hires 550 Former Argo.ai Engineers, Creates Latitude.ai
#4[dead]
Re: Ford Hires 550 Former Argo.ai Engineers, Creates Latitude.ai
#5> Ford hired about 550 employees formerly of Argo AI
is pretty weird framing. Did they acquire the company? Or certain parts of it? I'm gonna guess they didn't actually recruit and interview all of them one by one.
Re: Ford Hires 550 Former Argo.ai Engineers, Creates Latitude.ai
#6Not mentioned here, but in this Techcrunch article, is Ford’s expensive flip-flopping on AV:
https://techcrunch.com/2023/03/02/ford-forms-automated-drivi...
> Argo AI burst on the scene in 2017 stacked with a $1 billion investment from Ford — and Iater an investment from VW. The startup shuttered suddenly in October 2022 after Ford and VW determined they would no longer pursue AV technology, at least not under the Argo umbrella. Ford said, at the time, it was making a strategic decision to shift its resources to developing advanced driver assistance systems, and not autonomous vehicle technology that can be applied to robotaxis. The company said it recorded a $2.7 billion non-cash, pretax impairment on its investment in Argo AI.
Re: Ford Hires 550 Former Argo.ai Engineers, Creates Latitude.ai
#7> Ford hired about 550 employees formerly of Argo AI is pretty weird framing. Did they acquire the company? Or certain parts of it? I'm gonna guess they didn't actually recruit and interview all of them one by one.
Ford owned Argo in a partnership with VW and recently divested of it with some serious losses, causing Argo to go under. This is a (separate) subsidiary being formed under Ford, but neither an acquisition nor individual hiring.
Re: Ford Hires 550 Former Argo.ai Engineers, Creates Latitude.ai
#8> Ford hired about 550 employees formerly of Argo AI is pretty weird framing. Did they acquire the company? Or certain parts of it? I'm gonna guess they didn't actually recruit and interview all of them one by one.
Well, Ford (and VW) were major investors in Argo AI.
Argo AI ran out of money, no-one else was willing to put more money in so Argo AI had to shut down.
It looks like Ford effectively acquired the company by hiring all the people (who would otherwise be out of the job) but without actually acquiring the company.
They waited for the company to dissolve and then picked up (most of?) the people. I'm sure it was possible because of the prior investment and relationship with the company.
Re: Ford Hires 550 Former Argo.ai Engineers, Creates Latitude.ai
#9Not mentioned here, but in this Techcrunch article, is Ford’s expensive flip-flopping on AV: https://techcrunch.com/2023/03/02/ford-forms-automated-drivi... > Argo AI burst on the scene in 2017 stacked with a $1 billion investment from Ford — and Iater an investment from VW. The startup shuttered suddenly in October 2022 after Ford and VW determined they would no longer pursue AV technology, at least not under the Ar…
Wait, so they killed the 550 person AV startup they were funding, took 2.7B loss, and 4 months later hired those same 550 people to resume the same work? Something looks seriously wrong here.
Re: Ford Hires 550 Former Argo.ai Engineers, Creates Latitude.ai
#10Not mentioned here, but in this Techcrunch article, is Ford’s expensive flip-flopping on AV: https://techcrunch.com/2023/03/02/ford-forms-automated-drivi... > Argo AI burst on the scene in 2017 stacked with a $1 billion investment from Ford — and Iater an investment from VW. The startup shuttered suddenly in October 2022 after Ford and VW determined they would no longer pursue AV technology, at least not under the Ar…
Wait, so they killed the 550 person AV startup they were funding, took 2.7B loss, and 4 months later hired those same 550 people to resume the same work? Something looks seriously wrong here.
Possibly they wanted to restart the company without the external partners (mainly VW)?