Ford to invest $1 billion in artificial intelligence start-up

Ford is also remaking its headquarters and main development centre in Dearborn, Mich

One of the oldest automakers in the United States is making a billion-dollar bet that one day, owning a car may not be a necessity of American life.
 
Ford announced on Friday its plans to invest $1 billion over the next five years in Argo AI, an artificial intelligence start-up formed in December that is focused on developing autonomous vehicle technology.
 
The move is Ford’s biggest effort to move into self-driving car research. Argo AI will develop the technology exclusively for Ford at first, and then plans to license its technology to others.
 
The investment is also