(Reuters) – Self-driving carmaker Cruise and majority shareholder General Motors Co. said on Tuesday that they would partner with Microsoft Corp to commercialize driverless autonomous vehicles.
Microsoft will join General Motors, Honda Motor Co and institutional investors in a combined new equity investment of more than $ 2 billion in Cruise, bringing Cruise’s post-money valuation to $ 30 billion.
Cruise will use Azure, Microsoft’s cloud computing platform for its driving vehicles.
“As the preferred cloud of Cruise and GM, we will apply the power of Azure to make them scale and make autonomous transportation mainstream,” Microsoft CEO Satya Nadella said in a statement.
GM will work with Microsoft to accelerate the automaker’s digitization initiative, including artificial intelligence, and explore opportunities to streamline operations across digital supply chains and bring new mobility services to customers faster Have to apply.
Reporting by Sanjana Shivdas in Bengaluru; Editing by Amy Caren Daniel