Ford and Baidu put $150M behind LiDAR for self-driving cars

 Carmakers continue to look to the Valley for helping paving the way for the future of cars – Ford has teamed up with Baidu to jointly invest $150 million in Velodyne, a company making LiDAR sensors in California’s technology hotspot. The money will help Velodyne quickly ramp up efforts to make its LiDAR sensors at scale while retaining and increasing quality, which will help… Read More