[HN Gopher] Ford, VW-backed Argo AI is shutting down
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Ford, VW-backed Argo AI is shutting down
Author : parekhnish
Score : 38 points
Date : 2022-10-26 19:08 UTC (3 hours ago)
(HTM) web link (techcrunch.com)
(TXT) w3m dump (techcrunch.com)
| pbj273 wrote:
| cdolan wrote:
| I operate a technology company based out of Pittsburgh PA. Have a
| number of friends who work there so this stinks.
|
| Looking past that, seems to conform to the long tailspin self
| driving has been in since the overhyped 2017-2018 era.
|
| Hopefully everyone lands on their feet. Anyone interested in
| solving large problems in the waste industry using automation,
| feel free to reach out @cdolan92 on Twitter
| vvladymyrov wrote:
| > Argo AI wasn't able to attract new investors and that it was
| taking a "$2.7 billion non-cash, pretax impairment on its
| investment" in the company, which led to it posting an $827
| million net loss for Q3.
| reducesuffering wrote:
| HN has been regularly correct warning about the immense
| difficulties in getting self-driving working consistently for
| almost a decade, now that we're close to 2023.
|
| https://twitter.com/elonmusk/status/686279251293777920
|
| Musk in 2016: "In ~2 years, summon should work anywhere connected
| by land & not blocked by borders, eg you're in LA and the car is
| in NY"
| crsv wrote:
| They raised absolutely massive capital and were a huge tech
| player in the Pittsburgh ecosystem. It stinks to see them
| ultimately fail.
| jeffhwang wrote:
| Wow I remember the hype and the fundraising circa 2016-2018 given
| Salesky and Rander's background in academia, Google, Waymo, and
| Uber ATG. just another sign that people were too optimistic about
| achieving level 5 autonomy during the last decade...
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