Microsoft invests in $30 billion driverless car company Cruise

Found 48 days ago at Arstechnica

Microsoft has invested in Cruise, the General Motors driverless car unit, in a $2 billion funding round that gives the autonomous driving company a $30 billion valuation. Cruise, which was bought by GM for “more than $1 billion” in 2016, when it had just 40 employees, now has almost 2,000 staff and accounts for more than 40 percent of GMs $71.5 billion market capitalisation. Its latest...

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