Microsoft Invests In Cruise In New $2 Billion Round

Cruise has raised $2 billion in a new equity round that has pushed its valuation up to $30 billion and delivered Microsoft as an investor and partner. GM, Honda and other institutional investors have also put more capital into Cruise as the autonomous vehicle company inches closer to commercializing its technology. While Microsoft’s capital is important, the partnership might provide equal and longer-term value for Cruise, at least in the two companies’ views.

BING NEWS:
  • Microsoft Goes Big In AI Again, Invests $1.5B In UAE-Based G42
    Microsoft announced a $1.5 billion strategic investment in United Arab Emirates-based artificial intelligence firm G42 — the biggest new round to go to an AI startup this year.
    04/16/2024 - 6:25 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News