San Francisco, Jan. 20 -- Before Apple begins its electric car journey, Microsoft on Tuesday teamed up with Cruise, the self-driving subsidiary of General Motors (GM), to accelerate the commercialisation of self-driving vehicles.
Microsoft will join GM, Honda and institutional investors in a combined new equity investment of more than $2 billion in Cruise, bringing the post-money valuation of Cruise to $30 billion, the tech giant said in a statement.
To unlock the potential of cloud computing for self-driving vehicles, Cruise will leverage Azure, Microsoft's cloud and edge computing platform, to commercialise its unique autonomous vehicle solutions at scale.
Microsoft, as Cruise's preferred cloud provider, will tap into Cruise's deep ind...