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Microsoft joins self-driving space with investment in GM's Cruise

Wednesday 20 January 2021 | 09:00 CET | News
Cruise and General Motors entered a long-term strategic relationship with Microsoft to accelerate the commercialisation of self-driving vehicles. As part of the partnership, Microsoft will join General Motors, Honda and institutional investors in a combined new equity investment of more than USD 2 billion in GM's Cruise, bringing the post-money valuation of Cruise to USD 30 billion. The companies will bring together their software and hardware engineering excellence, cloud computing functionalities, manufacturing know-how and partner ecosystem to transform transportation, Microsoft said. 

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Categories: Internet / IT
Companies: Microsoft
Countries: United States / World
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