General Motors Co. on Friday announced an additional investment of $3.45 billion USD in its all-electric self-driving subsidiary, Cruise. $2.1 billion of the investment amount will go towards acquiring SoftBank Vision Fund 1’s equity ownership stake in Cruise, while the remaining $1.35 billion is going to be a direct investment in the country. “We are […]
San Francisco-based self-driving car service, Cruise, has shared a video of its first driverless car pickup in San Francisco, California. On Wednesday, Kyle Vogt, co-founder, president and CTO at Cruise, detailed being the first passenger to be picked up by a driverless Cruise vehicle, which occurred on Monday night. “Earlier this week, I requested a […]
Autonomous vehicles are quickly becoming a reality, even as self-driving company Cruise has introduced its most recent California-based driverless vehicle to the public. Cruise shared a new video on Tuesday of what it calls “one of [its] favorite self-driving vehicles,” depicting the autonomous vehicle Poppy. According to the video’s description, the autonomous vehicle delivered thousands […]
Walmart announced on Thursday a $2.75 billion (USD) investment into General Motors-backed Cruise, an autonomous delivery vehicle company based out of San Francisco (via Reuters). Cruise and Walmart have been working together since last November on a delivery pilot in Scottsdale, Arizona, and with the investment, Walmart is looked to work towards a zero-emissions future. […]
As autonomous driving continues to gain traction and attention, companies like General Motors (GM) and Microsoft are throwing their hats in the ring to take part in the action. Autonomous driving startup and GM subsidiary Cruise has raised another $2 billion in equity, pushing the company’s valuation up to $30 billion, thanks to an investment […]
