Self-driving car maker Cruise and majority shareholder General Motors announced their partnering with Microsoft to accelerate commercialization of driverless vehicles.
The companies will combine their software & hardware engineering with cloud computing capabilities and manufacturing knowledge. Cruise will leverage Microsoft’s Azure for cloud and computing solutions at scale.
“Our mission to bring safer, better, and more affordable transportation to everyone isn’t just a tech race – it’s also a trust race,” said Cruise CEO Dan Ammann. “Microsoft, as the gold standard in the trustworthy democratization of technology, will be a force multiplier for us as we commercialize our fleet of self-driving, all-electric, shared vehicles.”
Microsoft will join General Motors, Honda Motor Co and institutional investors. The combined new equity investment will exceed $2 billion, bringing the post-money valuation of Cruise to $30 billion.
GM will work with Microsoft to accelerate the automaker’s digitization initiatives. This includes artificial intelligence, and exploring opportunities to streamline operations across digital supply chains. It also hopes to bring new mobility services to customers faster.
This new bite was adapted from an press release originally written for Cruise.
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