Ford invests $1 billion in Pittsburgh-based Argo AI to build self-driving cars by 2021 | TechCrunch
Interestingly, this isn’t a case of a large company simply hiring talent but the creation of an entirely separate company with an independent equity structure.
Ford is the “majority stakeholder,” but will operate with “substantial independence.” Employees will receive equity in the company. The investment will be made over five years.