Multinational Holding Company, Softbank, has agreed to invest $1.35 Billion in the efforts of Self-Driving Tech firm, Cruise, to launch a commercial ride-hailing service.
Softbank invested $900 million in the start-up in 2018 and committed to investing another $1.35 billion when the Cruise vehicles were ready for commercial deployment. Cruise founder, president, and interim CEO shared in a blog post that the Softbank investment will help Cruise "quickly scale this technology" across San Francisco and into more communities.
Get On The List: As of Tuesday Cruise has opened a waiting list for free rides in San Francisco through their website www.getcruise.com.
Telling it like it is - Full automation is beginning to seem less like investing in new tech, and more like investing in a slot machine.