Argo AI, a self-driving car company that is majority owned by Ford and Volkswagen, has cut about 100 employees from Munich-based Audi Autonomous Intelligent Driving, a 300-person firm it acquired in June, The Information has learned. The move came as a surprise to some people in the Audi unit, including those who had recently moved to Munich to work there, according to an employee. When VW...
Self-Driving Car Firm Argo Cuts 100 Employees at Newly Acquired Audi Unit
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
The Weekend culture ai
Live from SF, It’s Tech Week
Hi, welcome to your Weekend.It was the boom-iest of times, it was the doom-iest of times. At least that’s how it feels right now in Dickensian San Francisco, where AI companies are setting up shop on every avenue, while fentanyl dealers are hanging out in every alley. I joke—but seriously, it’s wild out here. No fewer than 17 of the 35 startups listed on The Information’s new Generative AI...
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive startups crypto
MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service— announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management.