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Wednesday, January 20, 2021

GM and Microsoft Partner on Self-Driving Cars

 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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