More funding for Argo AI, shared costs between Ford and VW. Ford, Volkswagen and Argo AI made it official on Tuesday. VW has made an investment in the self-driving technology company, which charts a course for shared development costs for any autonomous vehicle technologies to come. It's unclear how deep VW reached into its wallet, but a previous report pegged a coming investment at $1.7 billion. At the time, Argo AI was reportedly valued at $4 billion, which would put VW's investment at nearly 50% of its value.
Jun-2-2020, 06:25:53 GMT