2024-02-01 06:38:00 ET
Roughly a year ago the sky seemed to be the limit for General Motors ' (NYSE: GM) driverless vehicle ambitions, spearheaded by its operations at Cruise. It was a goldmine of potential and a way for the company to generate a new stream of revenue.
Fast-forward to today, and it looks more than ever like Ford Motor Company 's (NYSE: F) $2.7 billion impairment charge to end its Argo AI driverless ambitions was brilliant.
In the early days of October, one of Cruise's robotaxis hit and briefly dragged a pedestrian, who was struck beforehand by a separate human-driven vehicle, causing injuries.
For further details see:
How Did Ford Get Artificial Intelligence (AI) So Right?