The Argo business plan hinges on a unique revenue-sharing deal that will pay Argo fees based on miles traveled in self-driving Ford and VW vehicles equipped with Argo's technology. Details of that arrangement have not previously been reported. — Reuters
PITTSBURGH/DETROIT: Sky's the limit optimism about self-driving cars is giving way to tougher questions about how expensive automotive artificial intelligence will ever make a profit.
Those are questions the founders of Argo AI – and automaker partners Ford Motor Co and Volkswagen AG – are betting they can answer by taking a different road than more highly valued rivals. They are steering away from building a robotaxi fleet and focusing instead on getting paid by the mile by customers that will use robot vehicles for multiple purposes, including delivering goods or transporting groups of people in vans.
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