Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Ford acquires Israeli startup SAIPS for self-driving computer vision, machine learning 

Ford target fully autonomous vehicle for ride sharing in 2012; SAIPS founded in 2013

ford -SAIPS Udi Danino,   Rotem Littman,   Noga Zieber Bullkich

  • Ford announces intention to deliver high-volume, fully autonomous vehicle for ride sharing in 2021
  • The automaker investing in or collaborating with four startups on autonomous vehicle development

Car manufacturing giant Ford outlined a few of the ways it’s aiming to ship fully autonomous cars for ride sharing by 2021. Part of the plan involves acquisitions. Ford CEO Mark Fields revealed at a press conference that the automaker acquired SAIPS.

The Israel-based startup SAIPS has developedcomputer vision and machine learning . Its algorithmic solutions in image and video processing, deep learning, signal processing and classification will help Ford autonomous vehicles learn and adapt to the surroundings of their environment

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

SAIPS founded in 2013 by CEO Udy Danino, CTO Rotem Littman and US Branch Manager Noga Zieber Bullkich. No financial details of the acquisition were disclosed, and the company has not raised any funds to date. The compny will continue operating as an independent entity within the Ford corporation.

Vast majority of SAIPS engineers are graduates of elite IDF units (Talpiot, 8200) and all of them are with 10+ years of experience in development and management of complex algorithmic systems. SAIPS personnel has a proven track record of delivering top-notch solutions with flawless execution, according to the company website.

Ford CEO Mark Fields revealed at a press conference that the automaker also partnering exclusively with Nirenberg Neuroscience, to bring more “humanlike intelligence” to machine learning components of driverless car systems.

“The next decade will be defined by automation of the automobile, and we see autonomous vehicles as having as significant an impact on society as Ford’s moving assembly line did 100 years ago, ” said Mark Fields, Ford president and CEO. “We’re dedicated to putting on the road an autonomous vehicle that can improve safety and solve social and environmental challenges for millions of people – not just those who can afford luxury vehicles.”

 

 

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...