Paid, driverless taxis are set to become a regular part of life in San Francisco. As Bloomberg News reported Wednesday (Aug. 16), Waymo and Cruise recently received permission from California regulators to offer that service, paving the way for robotaxis to function around the clock. “It’s a signal for California that...
General Motors has bought out SoftBank Vision Fund 1’s stake in Cruise, a self-driving startup, for $2.1 billion, Bloomberg reported Friday (March 18). SoftBank now has no involvement in the business, while GM holds 80% ownership. In addition, GM said it plans to invest another...
Don’t be surprised if you see a self-driving car in San Francisco. Cruise, the driverless car company, has received an additional $1.35 billion investment from SoftBank Group’s Vision Fund, the San Francisco company announced on its blog Tuesday (Feb. 1), outdistancing efforts to regulate autonomous...
It’s springtime. With the events of last year’s pandemic terror still fresh in mind, it’s easy to forget there’s a major event to speculate about for Amazon watchers as the company bids for the whole U.S. paycheck. The event is Prime Day. Last year it...
November 22, 2023
Cruise, the autonomous vehicle unit of General Motors, is reportedly planning to resume its robotaxi service with a more focused approach. After facing safety mishaps and regulatory scrutiny, Cruise has decided to scale back its operations to a single city and shelve plans for Origin, a driverless taxi built by General Motors, The Wall Street Journal (WSJ) reported Wednesday […]
August 16, 2023
Paid, driverless taxis are set to become a regular part of life in San Francisco. As Bloomberg News reported Wednesday (Aug. 16), Waymo and Cruise recently received permission from California regulators to offer that service, paving...
March 20, 2022
General Motors has bought out SoftBank Vision Fund 1’s stake in Cruise, a self-driving startup, for $2.1 billion, Bloomberg reported Friday (March 18). SoftBank now has no involvement in the...
February 02, 2022
Don’t be surprised if you see a self-driving car in San Francisco. Cruise, the driverless car company, has received an additional $1.35 billion investment from SoftBank Group’s Vision Fund, the...
