Big Collaboration on Autonomous Cars
Microsoft, GM and Cruise Partner on Self-Driving Cars
Source: GM's Cruise
A New Vision for Autonomous Driving
This is a brand new vision of the future of autonomous driving. A new partnership among Microsoft, GM and Cruise. San Francisco based startup Cruise just received a huge infusion of cash to develop autonomous cars. Microsoft has joined GM, which is Cruise's majority shareholder, along with Honda and other institutional investors to pump $2 billion worth of investment into Cruise and its autonomous technology. Their intent is for Cruise to take their self-driving vehicles to market for widespread commercialization. The investment infusion brought Cruise's market valuation to $30 billion. That is very close to Waymo, the self-driving company owned by Google's parent Alphabet, valued at slightly over $30 billion.
Microsoft Tech and the Big Picture
Cruise will use Microsoft's cloud computing platform Azure for its self-driving vehicles. Microsoft, using its artificial intelligence capabilities, will enable GM and Cruise to accelerate digitalization to streamline operations for robotaxis and self-driving cars for consumers. It's an important new collaboration among major global technology, car and self-driving players to accelerate the delivery of self-driving cars. And, there is a lot of competition out there. Along with Waymo, Argo AI, a Pittsburg based self driving startup, is developing autonomous vehicles with Ford and VW. It has a market valuation of $7.5 billion. This is exciting new travel innovation for all of us.