Ford buys Israeli machine learning co SAIPS

Car manufacturing giant Ford has acquired Israeli computer vision and machine learning company SAIPS. The acquisition of the Rehovot-based company is part of Ford’s pledge to develop a driverless car by 2021. No financial details of the acquisition were disclosed.Founded in 2013 by CEO Udy Danino, CTO Rotem Littman and US Branch Manager Noga Zieber Bullkich, SAIPS provides algorithmic solutions. The company has not raised any funds to date and after the acquisition will continue operating as an independent entity within the Ford corporation. RELATED ARTICLES Mobileye, Intel and BMW to build self-driving cars The company has core expertise in design, development and implementation of algorithmic engines that are based on Deep Neural Networks (Deep Learning). SAIPS portfolio consists of five algorithmic suites that provide state of the art solutions…

Link to Full Article: Ford buys Israeli machine learning co SAIPS

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