Quite some competition in the space.
Microsoft partners with GM to make self-driving cars a reality By Tristan Greene, in TNW
Driverless car startup Cruise, a GM subsidiary, today announced the finalization of a two-billion dollar equity fund from primary investors Microsoft, Honda, and GM.
Leading off: Microsoft’s money is the big ticket item here for Cruise. While the company’s valuation has skyrocketed to about $20 billion from investors, netting one of big tech’s trillion-dollar whales has pushed GM stocks up nearly seven percent.
But the cash isn’t the only thing in play here. Per a Reuters report, Microsoft CEO Satya Nadella says the company will provide cloud services for Cruise: ..... '
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