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Courtesy of Drive.ai

Drive.ai, a self-driving car startup founded by former Stanford artificial intelligence researchers, has raised $50 million in Series B funding.

A.I. celeb: The company is also adding Andrew Ng, one of the best known deep learning experts in the world, to its board of directors. Ng founded the Google Brain division, online education company Coursera, and most recently worked at Chinese Internet giant Baidu as its chief scientist. Ng is married to Drive.ai co-founder and president Carol Reiley.

Approach: Drive.ai is banking on the application of deep learning—a subset of artificial intelligence—to all parts of autonomous driving software. Instead of simply teaching the car's software sets of "if/then" rules, the company is using techniques to teach it how to recognize objects, what's right and what's wrong, what's safe, and so on.

Drive.ai is developing self-driving car kits that can be retrofitted to vehicles, and plans to make them available to business customers (ride-hailing services, etc.). It's currently working with sensors that include LiDAR, radar, and cameras, though the company says it wants its software to be flexible and work with what combinator of sensors its partners prefer. (Check out Axios' dive into the debate over LiDAR and self-driving cars here and here.)

Funding: New Enterprise Associates (NEA) led this latest funding round, with GGV Capital and existing investors like Northern Light Venture Capital also participating. Along with Ng, NEA's Carmen Chang is also joining Drive.ai's board as well as GGV's Jenny Lee as an observer.

Go deeper

FTC releases findings on how Big Tech eats little tech

Photo illustration: Sarah Grillo/Axios. Photo: An Rong Xu/Washington Post via Getty Images

Federal Trade Commission chair Lina Khan signaled changes are on the way in how the agency scrutinizes acquisitions after revealing the results of a study of a decade's worth of Big Tech company deals that weren't reported to the agency.

Why it matters: Tech's business ecosystem is built on giant companies buying up small startups, but the message from the antitrust agency this week could chill mergers and acquisitions in the sector.

First look: Biden's economic case for green cards

Photo: Win McNamee/Getty Images

The White House Council of Economic Advisors (CEA) is promoting the economic benefits and costs of providing green cards to millions of unauthorized immigrants in a blogpost being released on Friday, according to a draft provided to Axios.

Why it matters: The post comes as the fate of millions of immigrants, including those with Temporary Protected Status or DACA protections, rests with Congress — and the Senate parliamentarian.

Ina Fried, author of Login
44 mins ago - Technology
Column / Signal Boost

Facebook's social balance is in the red

Illustration: Megan Robinson/Axios

Facebook is essential to our lives. Facebook is ruining our lives. Holding both these truths at once will make your head hurt.

While covering the Olympics in Tokyo, I spent a ton of time on Facebook. Each day, during several hourlong bus rides, I would see who was online in Messenger and share photos and stories there with family and friends. I also posted frequently on my news feed.