Walmart's Massive Self-Driving Investment Is A Big Deal

Only a few days following the announcement of Dubai becoming the first non-US city to strike a deal with GM's Cruise autonomous driving unit that'll see robotaxis coming to one of the world's hottest tourist destinations starting in 2023, the company is back with another big reveal. Actually, the news comes from Walmart US CEO John Furner. Why? Because the retail giant is part of the startup's latest fundraising round that's brought in another $2.75 billion. San Francisco-based Cruise is now valued at over $30 billion. In 2019, it was worth $19 billion.