(Reuters) – Driver Cruise and majority shareholder General Motors Co said on Tuesday they would work with Microsoft Corp. to sell driverless autonomous vehicles.
Microsoft will join General Motors, Honda Motor Co. and institutional investors in a new $ 2 billion capital investment in Cruise, bringing the post-cash valuation of Cruise to $ 30 billion.
Cruise will use Azure, Microsoft’s cloud computing platform, for its autonomous vehicles.
“As a favorite cloud of Cruise and GM, we will apply the power of Azure to help them escalate and turn autonomous transportation into mainstream,” Microsoft CEO Satya Nadella said in a statement.
GM will work with Microsoft to accelerate the automaker’s digitalization initiatives, including artificial intelligence, and explore opportunities to streamline digital supply chain operations and bring new customer mobility services faster.
Report by Sanjana Shivdas in Bengaluru; Editing by Amy Caren Daniel