Self-driving
Volkswagen finalized a partnership with Argo AI that included $1 billion in cash.
A dated step forward on the record
What the source says
“VW in 2020 finalized plans to partner with Argo AI”
What it means
Argo AI, from Argo AI (backed by Ford and Volkswagen), is at stage 3 of 5 on our ladder: pilot. Its stage is set by other milestones on its record; this one adds to the history.
Human help: The maker hasn't said whether people help it remotely.
More on Argo AI
- Ford and Volkswagen shut Argo AI down. Ford took a $2.7 billion write-off on its stake.
- Many Argo staff were offered jobs working on driver automation at Ford or Volkswagen.
- Argo began running test cars with no safety driver in Miami and Austin. They carried only Argo employees, not paying riders.
- Some Argo cars were offered to riders in Miami Beach through the Lyft app.
- Ford said it would invest $1 billion in Argo AI over five years.
- Argo AI was founded in late 2016, co-founded by Bryan Salesky.