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Microsoft Supporting Cruise, Self-Driving Car Manufacturer With A $2 Billion Funding

A long-term strategic partnership has been signed by the global tech giant Microsoft with US-based self-driving carmaker Cruise and General Motors to facilitate the commercialization of autonomous vehicles.

In a combined new equity investment in Cruise of more than $2 billion, Microsoft will join General Motors, Honda and institutional investors, taking Cruise’s value to $30 billion.

In order to accelerate its digitisation projects, including collaboration, storage, artificial intelligence and machine learning capabilities, GM will also cooperate with Microsoft as its preferred public cloud provider. With Microsoft, GM will explore ways to streamline processes through digital supply chains, promote quality, and more rapidly introduce new mobile services to customers.

Source: techgistafrica

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