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DeepNewz, mobile.
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The autonomous vehicle startup Ghost Autonomy, formerly known as Ghost Locomotion, which had previously secured backing from OpenAI, has ceased operations. This development comes after the company had raised approximately $220M in funding and had announced a partnership with OpenAI just five months prior. The shutdown of Ghost Autonomy adds to a growing list of setbacks in the autonomous driving sector, including challenges faced by major companies such as Tesla, Apple, Lyft, and Uber. Additionally, the closure raises questions about the future of self-driving technology, which some now believe could be another 5-10yrs away from realization.
"OpenAI-backed Ghost Autonomy shuts down" after raising $220M. In addition to Tesla FSD, Apple shutting down their car unit, Lyft, Uber and all the failed SPACs not looking too bullish right now... Full self-driving is once again 5-10yrs away 😅
BREAKING — Ghost Autonomy has shut down as of today https://t.co/ajzJ7iGEwj
Self-driving software startup Ghost Autonomy, formerly Ghost Locomotion, shuts down, after raising ~$220M and just five months after partnering with OpenAI (@kirstenkorosec / TechCrunch) https://t.co/E3m0N3C5p6 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/JJULLpqAUB