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GM’s Cruise valued at $19bn, but looming Uber IPO threatens investment

General Motor’s Cruise subsidiary has secured $1.15bn in new investment, which now values the autonomous driving technology unit at some $19bn. The new investors seem to have piled in happily, but the potential fallout from Uber’s IPO could have some painful ripple effects for everyone in the self-driving game. Uber has long spoke of its plans to use self-driving cars to create fleets of vehicles that it will service its customers with. It has gone as far as creating its own self-driving development team, which as everyone will remember, is responsible for the first death attributed to a self-driving project – barring Tesla users who ignore the Autopilot instruction manual. There has been a lot of reshuffling and departures at…

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