Microsoft has invested in Cruise in a $2-billion funding round which gives the autonomous driving company a $30-billlion valuation.
(Financial Times)
Yang's key takeaways:
- The investment in Cruise is Microsoft’s first major foray into driverless cars, although the software company does have a “connected car” business that supplies “digital chassis” and cloud services to the likes of Volkswagen, BMW and Ford.
- Cruise’s latest investment round puts it head-to-head with Waymo, the Google sister company, as the world’s most valuable autonomous driving start-up.
- Microsoft says both Cruise and GM will use the Azure cloud computing platform to help them scale and make autonomous transportation mainstream.