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Thursday, April 15, 2021

Wal-Mart Invests in Self-Driving

Somewhat unusual, but Wal-Mart is making a considerable play here.  Cruise is only indicating a self driving Taxi for now.    Possibilities for delivery?

Walmart invests in self-driving startup Cruise

Cruise says it's about two years from commercial launch. We've heard that before.

 By Timothy B. Lee  in ArsTechnica

Walmart invests in self-driving startup Cruise

Walmart is investing in self-driving startup Cruise as part of a massive $2.75 billion investment round in the company—an expansion of the $2 billion round announced in January. That original announcement featured three other big names: GM, Honda, and Microsoft.

Cruise was originally an independent startup but was acquired by GM in 2016. GM has poured billions into the company and has increasingly sought additional financial support from outside investors.

Recently, Cruise has been signaling that it is just a couple of years away from launching its technology commercially. Earlier this week, Cruise announced that it would launch a self-driving taxi service in Dubai in 2023. Cruise CEO Dan Ammann then told Bloomberg that he expected to launch a commercial service in San Francisco prior to launching in Dubai.  ..."

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