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ARGO AI LOOKED set to be the Big Auto’s autonomous showcase. Ford and Volkswagen had poured $3.6 billion between them into the company founded by the former heads of Google and Uber’s self-driving tech teams in 2016. In November of last year, Argo imploded. The Pittsburgh company has subsequently risen from the ashes as Latitude AI, a subsidiary of Ford employing 500 staff.
In 2022, autonomous vehicle investments crashed by nearly 60 percent year on