One of the world’s largest technology companies is teaming up with one of the world’s largest automotive manufacturers.
What Happened: General Motors Co (NYSE: GM) and Microsoft Corporation (NASDAQ: MSFT) are partnering on self-driving vehicles.
The companies will partner to bring together software and hardware engineering excellence, cloud computing capabilities and manufacturing capabilities.
The two companies said they will form a long-term strategic relationship to accelerate the commercialization of self-driving vehicles under General Motors brands.
Cruise will leverage Microsoft’s cloud computing platform Azure to commercialize its autonomous vehicle solution at scale.
Along with the partnership, Microsoft is investing alongside General Motors, Honda Motor Co (NYSE: HMC) and institutional investors in a $2-billion round for the self-driving Cruise business division owned by General Motors.
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Why It’s Important: The partnership brings together two giants in