GM Cruise raises $1.15B at a $19B valuation from Softbank and Honda

Re:GM Cruise raises $1.15B at a $19B valuation from Softbank... by thenewwazoo on Tuesday May 07, 2019 @06:10PM (#19853926)

This comment should be rated higher. It's exactly true. The data are self-selected and self-reported, and the specific criteria for what qualifies is considered a trade secret.

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Re:GM Cruise raises $1.15B at a $19B valuation from Softbank... by repsilat on Tuesday May 07, 2019 @08:37PM (#19854813)

Anecdotally I see more Cruise cars in SF and more Waymo cars in Mountain View. I heard Cruise doesn't drive on freeways either, and that would affect disengagements per mile quite a bit.

Still Cruise's disengagement rate is astonishingly high: 1000 disengagements every 0.19 miles[1], according to the Wall Street Journal ;-).

1: https://i.imgur.com/F0vqDCp.jpg

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Re:GM Cruise raises $1.15B at a $19B valuation from Softbank... by MegaButts on Tuesday May 07, 2019 @08:39PM (#19854828)

That statistic is backwards - they have 0.19 disengagements per 1,000 miles, so roughly 5,000 miles per disengagement. But as previously mentioned, this is a wildly disingenuous number, literally orders of magnitude away from the reality of how their cars are performing on the road today.

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