In yet another polarity that driverless cars are just over the purview , General Motors announced today that the company isbuying Cruise Automation — a Silicon Valley jump - up that ’s developing autonomous vehicle engineering . fit in to Fortune , the mint cost GM over $ 1 billion in cash and blood .
GM has n’t been shy about dipping its tire iron into a diverse number of car - related fields that are n’t typically associated with the big automakers . As the Wall Street Journal notes , GM has invested $ 500 million in Lyft , Uber ’s fat kid down the street who just want towatch you Guy play . They also scavenged some of the rest bit ofSidecarbefore that “ ride - share-out ” service tanked .
The purchase of San Francisco - based Cruise Automation , which has to this point been running on $ 20 million of speculation capital funds , shows that the crowing automakers are serious about the future tense of driverless cars . Notably , Cruise Automation bring with it one of just a few permits issued by the State of California to test driverless cars on California street .
We ’ve been promise driverless cars for literally decennary — specially from GM . But this metre it looks like we ’re die to get them for realsies . We ’ve been tricked before . But with so many car companies putting down cold hard hard cash for automated vehicle tech , our driverless car future palpate closer than ever .
[ Wall Street Journal ]
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driverless cars
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