The Pittsburgh-based startup is among the best-funded autonomous tech companies in the U.S.
Argo AI, a promising developer of self-driving car technology that raised billions of dollars from Ford and Volkswagen, is shutting down operations and being dissolved, according to a media report citing unnamed sources.
, citing people familiar with the matter. Exactly how many employees will receive offers is unclear, according to the report.sought to confirm information that Argo’s automotive partners planned to end funding for the venture. Neither Argo nor Volkswagen responded to requests for comment.
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