Cruise and GM partner Microsoft to commercialize driverless vehicles

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Cruise and 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 the post-money valuation of Cruise to $30 billion.

Microsoft’s Chief Executive Officer Satya Nadella said that Cruise will use Azure, Microsoft’s cloud computing platform, for its self-driving vehicles.

GM will work with Microsoft to accelerate the automaker’s digitization initiatives, including artificial intelligence, and explore opportunities to streamline operations across digital supply chains and bring new mobility services to customers faster.

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