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Self-driving shakeup: TuSimple CEO fired & Argo AI shuts down + Divvy Homes CEO Adena Hefets | E1600
This Week in Startups
Self Driving News Chaos
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Argo AI, which was a darling in the self driving world it was backed by Ford and Volkswagen. According to pitch book, Argo was actually valued at $7.2 billion back in 2020 but then lost the financial support of Ford and VW. Many of the employees will receive an opportunity to continue work on automated driving technology with either Ford or Volkswagen while employment for others will unfortunately come to an end. We are really I think reaching an inflection point around self driving where it's hard to say how it's going to go forward from here.
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