Cruise Automation, founded in 2013, shifted its focus to self-driving software, marking its transformative journey from adapting physical vehicles to developing autonomous vehicle technology.
The acquisition of Cruise by GM in 2016 for $1 billion signaled a landmark moment in the autonomous vehicle sector, showcasing the growing interest and investment in self-driving technology.
Fast-forward to 2023, and after several mergers and failures in the industry, only a handful of major players like GM's Cruise and Alphabet's Waymo remain prominent.
Cruise received its final permit to operate commercially in San Francisco by August 2023, highlighting the significant regulatory progress made by the company in the autonomous vehicle sector.
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