Page 2 - Peter Rander News Today

There’s a new self-driving trucks startup in town. And the faces are familiar. Bryan Salesky, Peter Rander and Brett Browning — the trio behind the now…

SoftBank declined to disclose its investment in response to a Reuters inquiry, but Bloomberg News said it will provide more than $1 billion, citing an economic development official in Pittsburgh where the startup will be based. The city was also home to defunct Argo AI, which was founded in 2016 by Bryan Salesky, Peter Rander and Brett Browning.

PITTSBURGH — There’s a new contender in the autonomous trucking industry. Stack AV  announced Sept. 7 that it is entering the ring. The startup, backed by

(Reuters) - Founders behind defunct self-driving startup backed by Ford and Volkswagen launched a new autonomous trucking firm, Stack AV, on Thursday ...

Some $4 billion poured by Ford and Volkswagen into Argo AI will go down after the two auto companies pull off the plug on the autonomous car developer.

One of Pittsburgh’s autonomous vehicle companies announced Wednesday that it is shutting down. It’s unclear how many Pittsburgh workers will be laid off, as some employees at the Strip District-based company will be absorbed into two of Argo’s investors: Ford Motor Co. and Volkswagen AG. In addition to its headquarters

The move will shut down the Pennsylvania-based startup that launched publicly in 2017 with a $1 billion investment from Ford.

Here's what we know about the Ford-backed AV company's news so far.

Main backers Ford and VW are expected to absorb its employees and technology.

Ford and VW dissolve Argo AI, casting doubt on the future of fully autonomous vehicles.