Here’s Why Argo AI Is Shutting Down

Malaysia News News

Here’s Why Argo AI Is Shutting Down
Malaysia Latest News,Malaysia Headlines
  • 📰 AutoweekUSA
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Here's why autonomous tech developer Argo AI is shutting down.

. In many ways this uncertainty applies to all leading autonomous vehicle developers, including those that have fielded Level 4 vehicles on limited scales, but this doesn't make the continued expenditures any less significant. This uncertainty extends both to the underlying technologies as well as the regulatory environment in the US and elsewhere when it comes to commercializing Level 4 technology.

"During the quarter, Ford concluded that the auto industry’s large-scale profitable commercialization of Level 4 advanced driver-assistance systems will be further out than originally anticipated—but development and customer enthusiasm for benefits of L2+ and L3 ADAS warrant dialing up the company’s near-term aspirations and commitment in those areas," Ford said in announcing its third-quarter results.developed in-house.

, which was slated for 2024. However, the German automaker's Level 3 driver-assist tech is expected to be folded into Ford's research and development base. This content is imported from Twitter. You may be able to find the same content in another format, or you may be able to find more information, at their web site.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

AutoweekUSA /  🏆 229. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Block brings on former Argo CTO Hothi: BloombergBlock brings on former Argo CTO Hothi: BloombergBlock, Inc. is moving ahead with plans to build out Bitcoin mining and wallet operations by hiring former Argo Blockchain CTO Perry Hothi.
Read more »

Ford CEO Farley explains the business factors behind Argo AI's shuttering | EngadgetFord CEO Farley explains the business factors behind Argo AI's shuttering | EngadgetShortly after news broke that self-driving subsidiary Argo AI will be closed, Ford CEO Jim Farley spoke during the company's Q3 earnings call about that decision..
Read more »

Ford to Take $2.7 Billion Charge on Argo Driverless Startup StakeFord to Take $2.7 Billion Charge on Argo Driverless Startup StakeFord is taking a $2.7 billion charge on its investment in driverless-car firm Argo as the startup shuts down its operations
Read more »

Ford Says Argo AI, Its Self-Driving Venture With Volkswagen, Is Shutting DownFord Says Argo AI, Its Self-Driving Venture With Volkswagen, Is Shutting DownThe automaker said a write-down on its investment in the startup, among the best-funded autonomous tech companies in the U.S., was responsible for its quarterly loss.
Read more »

Autonomous vehicle startup Argo AI is shutting down | EngadgetAutonomous vehicle startup Argo AI is shutting down | EngadgetInvestors Ford and VW will absorb the company's tech and hire some of its employees, according to TechCrunch..
Read more »

Argo AI, A Ford-, Volkswagen-Backed Self-Driving Startup, Is Said To Be ClosingArgo AI, A Ford-, Volkswagen-Backed Self-Driving Startup, Is Said To Be ClosingThe Pittsburgh-based startup is among the best-funded autonomous tech companies in the U.S.
Read more »



Render Time: 2025-08-27 11:59:41