Argo AI

also referred to as: argo.ai

6 statements across 1 episodes · 2 bullish · 3 bearish · 3 people on the record · first statement Jan 25, 2023 by Stephen Lacey · said 14 times in 1 episodes since 2023 · across every show →

Mentions by year

brought up most by News Anchor (6), Mark Fields (6), Stephen Lacey (1), Ed Niedermeyer (1)

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2023 14 mentions in 1 episode

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Everything said about Argo AI, oldest first

Jan 25, 2023
Assertion Supported
Lacey: Volkswagen and Ford joint venture valued Argo AI over $7B
“In 2019, Volkswagen entered a joint venture with Ford and Argo AI. Argo was valued at more than seven billion dollars.”
Stephen Lacey Jan 25, 2023 ▶ 3:41 The autonomous car bubble has popped
Jan 25, 2023 bullish
Disclosure
Mark Fields: Ford is investing $1 billion in startup Argo AI
“And that's why we're investing one billion dollars over five years, over the next five years, in Argo AI, an artificial intelligence company, and their role is going to be to develop the virtual driver system for autonomous vehicles and, of course,”
Mark Fields Jan 25, 2023 ▶ 1:52 The autonomous car bubble has popped
Jan 25, 2023 bearish
Assertion Supported
Niedermeyer: Existing autonomous tech cannot handle general-purpose driving
“The technology that exists today is not up to the task of automating general purpose driving like we do with cars. We can't automate the way we drive cars because it is a multiplicity of tasks. It's in a multiplicity of domains. Like it's just way too much.”
Ed Niedermeyer Jan 25, 2023 ▶ 11:24 The autonomous car bubble has popped
Jan 25, 2023 negative
Assertion Supported
Lacey: Ford recorded a $2.7 billion loss shutting down Argo AI
“Ford said it would shut down the driverless car program led by Argo AI, taking a 2.7 billion dollar loss.”
Stephen Lacey Jan 25, 2023 ▶ 4:30 The autonomous car bubble has popped
Jan 25, 2023 positive
Opinion
Niedermeyer: Argo AI's shutdown does not mean AV tech doesn't work
“And I think it's very easy to look at this and say, shutting down Argo.ai was an admission that this technology doesn't work, or wasn't going to work, or was a scam. And you look out on social media, and people are taking that lesson away, and I think that's t…”
Ed Niedermeyer Jan 25, 2023 ▶ 6:22 The autonomous car bubble has popped
Jan 25, 2023 bearish
Opinion
Niedermeyer: Argo AI's collapse represents the popping of the autonomous vehicle bubble
“What has to happen is you have to have the bubbles pop, and that's what things like, you know, Argo.ai going under was, that's what that is. It's a bubble pop.”
Ed Niedermeyer Jan 25, 2023 ▶ 19:17 The autonomous car bubble has popped
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