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Microsoft backs General Motors' Cruise Automation self-driving car venture - Roadshow
1 month ago | By CNET
The tech giant joined a new round of investments totaling $2 billion.
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Cruise Teams Up With Microsoft for Its Self-Driving Vehicles
1 month ago | By PC Mag
Cruise's autonomous vehicles will rely on Microsoft's Azure Cloud
Cruise, the autonomous vehicle subsidiary of General Motors, has announced it is teaming up with Microsoft to commercialize its self-driving vehicles. "Our mission to bring safer, better, and more affordable transportation to everyone isn't just a tech race - it's also a trust race,"
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Microsoft is the latest investor to join GM's Cruise in a round that values the self-driving firm at $30 billion
1 month ago | By Business Insider
Summary List Placement General Motors and its self-driving subsidiary Cruise on Tuesday announced a new deal with Microsoft to speed up the commercialization of autonomous vehicles.
The tech juggernaut will chip in an undisclosed amount to a $2 billion investment round in Cruise that also includes GM, Honda, and other institutional investors. The funding round brings Cruise's valuation to $30 billion, despite it still being in the development stage and not yet having any customers.
But the "long-term strategic partnership" between Microsoft and Cruise will go beyond an investment. As part...
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GM jumps 9% to record high after Microsoft announces investment in the company's self-driving car subsidiary Cruise
1 month ago | By Business Insider
Summary List Placement
General Motors gained as much as 8.9% to a record high on Tuesday amid news that its autonomous vehicle subsidiary, Cruise, is receiving a large investment from Microsoft .
Microsoft joins a number of companies in a $2 billion funding round for Cruise which also includes backing from Honda and institutional investors.
Tuesday's intraday price is a record-high for the auto giant since it emerged from bankruptcy at the end of the Great Recession and started trading publicly again in 2010.
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