Ford Just Launched a Start-Up. That's Significant.
Ford Motor Company (NYSE: F) and ADT (NYSE: ADT) said they have formed a $105 million joint venture, called Canopy, to bring a new artificial intelligence (AI)-enabled vehicle security system to market. ADT is a significant partner and its services are a key piece of the offering, but Ford will hold a majority stake in Canopy, which was developed in the automaker's in-house start-up incubator. The Canopy system is something like a doorbell camera, but for a vehicle.
