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argo-ai,-a-self-driving-tech-company,-is-shutting-down-operations

Argo AI, a self-driving tech company, is shutting down operations

BizTech WeeklyBy BizTech Weekly Nov 1, 2022

Argo AI, a company that had been testing autonomous vehicles in Austin, is shutting down. The company is being absorbed by two of its biggest supporters, Ford and Volkswagen. A recent layoff report by the Texas Workforce Commission indicated that nearly 80 employees in Austin have been laid off. Lyft, which had been a partner with Argo, confirmed to the Statesman that it would no longer offer a self-driving option in Austin. Ford’s CEO suggested the company could purchase autonomous vehicle technology rather than create it themselves, according to a report by KVUE’s news partners at the Austin American-Stateman, per the report. Lyft confirmed that it had no longer offered a self driving option in the city of Austin in September. . . .

Read more at www.kvue.com
BizTech Weekly
BizTech Weekly

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