AI News
Ford Takes $19.5B Charge in Pivot to AI Battery Storage Amidst EV Slowdown
Ford battery storage AI data centers electric vehicles Sirp INVNT James Nicholas Kinney security operations center Black Hat MEA 2025
Ford is shifting its focus from electric vehicles to battery storage solutions for AI data centers, incurring a $19.5 billion charge, according to a company announcement. The company plans a $2 billion investment to repurpose facilities, aiming to provide grid-stabilizing solutions amidst softening EV demand and evolving policy landscapes. Sirp, creator of an AI-native Self-Driving SOC platform, announced accelerated expansion plans after strong validation at Black Hat MEA 2025. INVNT appointed James Nicholas Kinney as Global Chief AI Officer to advance AI-powered brand storytelling.
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