Argo AI Shuts Down: Is 'Self-Driving Cars' a Realistic Dream?

Ford and VW-backed'Argo AI', the autonomous vehicle technology company, is shutting down. The company, which was once hailed as the leader of autonomous driving systems, failed to attract other investors and will now have a part of its resources absorbed by two of its primary investors. In 2017, Ford invested $1 billion in Argo AI eyeing autonomous vehicle technology to be available for commercial use by 2021. But, with heavy cash burn and technology still a "long way off", the company's priorities seemed to have changed. Motor Company also said that there is "potential for attracting revenue streams tied to L3" and that the company will use its resources in deploying the L3 BlueCruise System. Another report pointed out that Ford's investment in Argo AI came at a time when there was a huge hype around autonomous vehicle technology which was still at a nascent stage.