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Argo (Ford/VW Level 4 Software Developer) shutting down after Ford ceases funding

Zoidz

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"Argo AI, an autonomous vehicle startup that burst on the scene in 2017 stacked with a $1 billion investment, is shutting down — its parts being absorbed into its two main backers: Ford and VW, according to people familiar with the matter."

"Farley also insinuated that Ford would be able to buy AV tech down the line, instead of developing it in house. “We’re optimistic about a future for L4 ADAS, but profitable, fully autonomous vehicles at scale are a long way off and we won’t necessarily have to create that technology ourselves,” he added."

As many of us have said for years, Elon and others are overly optimistic about Level 4 realities. Just like nuclear fusion and solid state batteries, it's "here next year".
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Just another casualty on the autonomy journey
 
 




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