Automotive giant Ford has pledged to double the size of its Silicon Valley team by the end of 2017 and also invested $75 million into Velodyne, which sells LiDAR (light imaging, detection, and ranging) sensors for cars.
The dual announcements show an increase in commitment to technology inside cars, especially autonomous tech. Ford is behind the curve compared to Tesla, Google, and rival General Motors, which has acquired its own autonomous startup, partnered with Lyft, and plans to build a huge tech center