It’s been more than 10 years since Google announced it was working on a self-driving car project.
Now, the tech giant has a new partner for the project, according to Reuters.
It’s called Artificial Intelligence Trading and, according with its press release, it will “take advantage of the vast network of AI experts across the world to help build a sustainable, intelligent, self-improving car.”
Artificial Intelligence trading, as the name suggests, is the trading of AI systems for profit.
But how is AI going to make money?
And what will it pay for?
Reuters asked the companies for a list of the top 100 AI trading companies and got this list: Google.
The Wall Street Journal reports that the company plans to use its AI trading platform to buy cars, but does not reveal what specific models it will be buying.
“This could include all of the latest and greatest in technology,” a Google spokesperson told the WSJ.
“Our strategy is to leverage the strengths of Google and to drive down the cost of vehicles.”
According to the Wall Street Business Journal, Google’s AI-focused subsidiary, DeepMind, will be the “leading AI provider” for its Google Auto division, which will be building its own self-parking technology.
Google is also building its self-drive AI division, with DeepMind set to take over the role from Audi.
According to Reuters, Google will be investing $100 million into AI trading, with the goal of eventually “selling the technology to other companies, including Tesla, Mercedes, BMW and General Motors.”
“We are also looking to acquire some of the leading companies in AI, including DeepMind and others that have an edge in deep learning and artificial intelligence,” a DeepMind spokesperson told Reuters.
DeepMind also partnered with Microsoft to build the world’s first fully automated self-balancing car, the ZEV.
Google has also been investing in autonomous driving technologies, and last year, it signed a deal with Uber to develop a self as well as a vehicle for self-Driving.
Google’s goal for the AI trading is to make it cheaper and more efficient to use AI.
According with the WS J, Google hopes to have a self driving car on the road by 2021.
Google hopes its AI-driven cars will be able to get around much faster than human drivers, and Google says it’s also looking at how AI can be used to help make cities safer.