MSFT
Microsoft a new investor and partner with General Motors' Cruise
- General Motors (NYSE:GM) says it has entered a long-term strategic
relationship with Microsoft (NASDAQ:MSFT) to accelerate the
commercialization of self-driving vehicles.
- Under the partnership, the companies plan to bring combine their
software and hardware engineering excellence, cloud computing
capabilities,
manufacturing know-how and partner ecosystem.
- "To unlock the potential of cloud computing for self-driving vehicles,
Cruise will leverage Azure, Microsoft's cloud and edge computing
platform,
to commercialize its unique autonomous vehicle solutions at scale.
Microsoft, as Cruise's preferred cloud provider, will also tap into
Cruise's deep industry expertise to enhance its customer-driven product
innovation and serve transportation companies across the globe through
continued investment in Azure."
- Microsoft will join General Motors, Honda (NYSE:HMC) and institutional
investors in a combined new equity investment of more than $2B in Cruise,
bringing the post-money valuation of Cruise to $30B.
- "Advances in digital technology are redefining every aspect of our
work and life, including how we move people and goods," says Microsoft
CEO Satya Nadella.,
- Source: Press Release
- Shares of GM are up 7.75% premarket to $53.62.
- Apple's forward motion in electric vehicles has kickstarted a number
of tech-EV announcements.
|Today, 9:17 AM|15 Comments
Microsoft a new investor and partner with General Motors' Cruise
- General Motors (NYSE:GM) says it has entered a long-term strategic
relationship with Microsoft (NASDAQ:MSFT) to accelerate the
commercialization of self-driving vehicles.
- Under the partnership, the companies plan to bring combine their
software and hardware engineering excellence, cloud computing
capabilities,
manufacturing know-how and partner ecosystem.
- "To unlock the potential of cloud computing for self-driving vehicles,
Cruise will leverage Azure, Microsoft's cloud and edge computing
platform,
to commercialize its unique autonomous vehicle solutions at scale.
Microsoft, as Cruise's preferred cloud provider, will also tap into
Cruise's deep industry expertise to enhance its customer-driven product
innovation and serve transportation companies across the globe through
continued investment in Azure."
- Microsoft will join General Motors, Honda (NYSE:HMC) and institutional
investors in a combined new equity investment of more than $2B in Cruise,
bringing the post-money valuation of Cruise to $30B.
- "Advances in digital technology are redefining every aspect of our
work and life, including how we move people and goods," says Microsoft
CEO Satya Nadella.,
- Source: Press Release
- Shares of GM are up 7.75% premarket to $53.62.
- Apple's forward motion in electric vehicles has kickstarted a number
of tech-EV announcements.
|Today, 9:17 AM|15 Comments
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