Ford and China’s leading search engine company, Baidu, announced today that they’ve each invested $75 million in Velodyne LiDAR Inc., a Silicon Valley maker of laser technology that allows cars to autonomously navigate.
The money will be used to speed development and manufacturing of next-generation LiDAR or Light, Detection and Ranging technology, which uses lasers to create a 3D image of the area around a vehicle.
VelodyneThree models of Velodyne’s LiDAR laser ranging technology.
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Source: COMPUTER WORLD