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Microsoft partners with GM, invests $2bn in self-driving start-up Cruise

Shortpedia

Content Team
Image Credit: NewsBytes

Microsoft has jumped headlong into the driverless car space by investing $2 billion in Cruise. Microsoft's stake in General Motors' autonomous vehicle subsidiary takes its total valuation to an impressive $30 billion. This is Microsoft's first major venture into this emerging segment. The company otherwise supplied connected car tech and cloud services to traditional automobile brands such as Volkswagen, Ford, and BMW.