Tag: Argo

VW invests $2.6 billion in Argo AI as part of self-driving vehicle alliance with Ford

(Reuters) Argo said VW was investing $1 billion in cash and contributing its European self-driving unit, valued at $1.6 billion. The investment deal gives Argo a valuation of just over $7 billion, one of the highest in the autonomous vehicles sector. VW is buying the Argo shares for another $500 million from Ford, which acquired […]

Read More

Argo.ai and Carnegie Mellon to found driverless vehicle research center

Argo.ai, a Pittsburgh, Pennsylvania-based driverless car startup founded by former executives from Google’s and Uber’s autonomous technology divisions, today announced that it’s teaming up with Carnegie Mellon University to form a new center for autonomous vehicle research: the aptly-named Carnegie Mellon University Argo AI Center for Autonomous Vehicle Research. Argo.ai says it’ll pledge $15 million […]

Read More