GM announces partnership with Microsoft in it‘s autonomous vehicle subsidiary, Cruise

Following several months of good news for GM, the car manufacturer saw it’s share value increase a further 10% following the announcement that it had reached a partnership agreement with Microsoft to support it’s autonomous vehicle efforts. The venture will see GM’s Cruise utilize Microsoft’s Azure cloud and edge computing platform as well as being the preferred cloud provider for GM and Cruise.

GM’s Cruise and Microsoft announce autonomous vehicle partnership

Furthermore, Microsoft will invest into the organization as part of Cruise’s latest $2 billion funding round. This will bring Cruise’s valuation to $30 billion, a significant increase over the $659 million purchase price it paid back in 2016.

Read further details on the partnership https://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2021/jan/0119-cruisegm.html