Microsoft teams up with Cruise on self-driving cars, chips in for $2 billion investment

Microsoft is joining forces with Cruise, the self-driving subsidiary of General Motors, to help speed up the commercialization of autonomous vehicles. The software giant is also chipping in on a new equity investment of $2 billion for Cruise, along with previous investors Honda and GM, bringing the AV company’s valuation up to a whopping $30 billion. Microsoft and Cruise are entering “a long-term strategic relationship” — though the partnership won’t be exclusive.

But the Alphabet company has arguably made more strides in terms of commercializing its technology. Last October, Waymo announced it would begin offering rides to paid customers in its fully driverless vehicles without safety drivers in Phoenix, Arizona. 'Cruise recently began testing its fully driverless vehicles in San Francisco for the first time' Cruise recently began testing its fully driverless vehicles in San Francisco for the first time.

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