, the second-largest automaker in the world, signed on as a backer in 2019, investing $2.6 billion Argo AI at a valuation of more than $7 billion.
There were plans to bring a self-driving taxi service to market by 2021, rivaling those by Waymo and Ford's larger Detroit rival,It was another sign that after years of big investment, investors were reining in expectations and money was drying up. In fact, all kinds of mobility projects are losing money — bike-share, ride-hailing, scooters and shuttles, alike.
Ask McDonalds and Burger King to collaborate on a new cheeseburger and see how it turns out.
I don't know why anyone would want a self-driving car. I don't even like to ride in a taxi.
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