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.
Similar Stories to Microsoft Partners With Gm To Make Self-driving Cars A Reality on Bing News
Tristan Greene, The Next Web
Tue, 01/19/2021 - 11:38am
BING NEWS:
- The main reason why self-driving cars are not ready for prime time
"It's like trying to send a rocket to the moon in 1910 when the Wright Brothers were still working on their planes," one expert said.
05/1/2024 - 12:01 pm | View Link - CarPlay, the next-generation: What is Apple planning?
The next-generation of Apple CarPlay is coming, but it'll be a while before your Honda dashboard looks like a Rivian or a Tesla.
05/1/2024 - 7:00 am | View Link - Inside the Autonomous Racing League event that pitted a self-driving car against a Formula 1 driver
Modern teams are awash in real-time digital feedback from the cars. I’ve been in many of these pits over ... only started work on the monumental project of creating a self-driving car a few months ago ...
04/30/2024 - 1:00 am | View Link - Microsoft to Invest $1.7 bln in Cloud, AI in Indonesia
Microsoft will invest $1.7 billion over the next four years into expanding cloud services and artificial intelligence in Indonesia, including building data centers, visiting chief executive Satya ...
04/29/2024 - 7:58 pm | View Link - U.S. regulator says self-driving vehicles not ready for prime time as Tesla inks China deal
Even as big-name automakers are pushing the accelerator on full self-driving, reports have highlighted serious risks in Tesla's and Ford's technology.
04/29/2024 - 11:46 am | View Link - More
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