Argo AI is shutting down

Autonomous vehicle company Argo AI is shutting down. In an earnings report, Ford (a major investor in Argo AI) noted that the company is being wound down and that it will hire engineers from the startup to expand and speed up development of Level 2+ and Level 3 autonomous driving systems. Ford says that it made a decision to refocus its self-driving capital spending from the Level 4 systems Argo…