gm partnership with microsoft

Cruise and majority shareholder GM confirmed the partnership with Microsoft on Tuesday, described as a "long-term strategic relationship," with the aim of bringing self-driving vehicles to market. Editor’s note 6/26/2018: This post was updated to reflect GM’s change from Office 365 to Microsoft 365. As part of the deal, Microsoft's Azure will become Cruise's preferred cloud platform. Cruise and GM have enlisted an important ally in their quest to make self-driving cars a practical reality. GM stock soars toward another record after Microsoft partnership on driverless cars Last Updated: Jan. 19, 2021 at 1:32 p.m. Interestingly, Microsoft also participated in the round, contributing an undisclosed amount of funding to Cruise. " Microsoft will help us accelerate the commercialization of Cruise's all-electric, self-driving vehicles and help GM realize even more benefits from cloud computing as we launch 30 new electric vehicles globally by 2025 and create new businesses and services to drive growth." Microsoft is investing in GM's Cruise autonomous car company, which will use the Azure cloud computing platform. General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. Microsoft is the latest big name to invest in Cruise, the division of General Motors devoted to self-driving cars and developing autonomous tech. SAN FRANCISCO and DETROIT and REDMOND, Wash., Jan. 19, 2021 /PRNewswire/ -- Cruise and General Motors on Tuesday announced they have entered a long-term strategic relationship with Microsoft to accelerate the commercialization of self-driving vehicles. The partnership with Microsoft aims to bring from the latter its Azure cloud and edge computing platform in order to commercialise autonomous vehicle solutions at scale, says General Motors. As part of the “long-term strategic relationship,” Microsoft will join General Motors GM, +1.54%, as well as Honda Motor Co. Ltd. HMC, +0.63% 7267, -0.58% and institutional investors on a combined new $2 billion equity investment in GM’s self-driving vehicle startup Cruise. Cruise and majority shareholder GM confirmed the partnership with Microsoft on Tuesday, described as a "long-term strategic relationship," with the aim of bringing self-driving vehicles to market. The deal will combine the various elements of the three companies, including software and hardware engineering, manufacturing, and cloud computing capabilities. Your Microsoft Partner Network membership includes access to resources designed to accelerate your time to market, generate leads, and grow your cloud business. General Motors Co. is teaming up with Microsoft Corp. to accelerate its rollout of electric, self-driving cars. In the partnership announced Tuesday, the companies said Microsoft's Azure cloud and edge computing platform would be used to "commercialize its unique autonomous vehicle solutions at scale." Cruise and General Motors today announced they have entered a long-term strategic partnership with Microsoft. General Motors Co. is teaming up with Microsoft Corp. to accelerate its rollout of electric, self-driving cars. Separately, Morgan Stanley analyst Adam Jonas says the new partnership adds serious capability and value to GM's self-driven-car effort. In the partnership announced Tuesday, the companies said Microsoft… The latest round of … In the partnership announced Tuesday, the companies said Microsoft… A strategic partnership with Microsoft was announced Tuesday by General Motors and Cruise aimed at speeding up the commercialization of shared self-driving vehicles. Microsoft is partnering up with Cruise, the self-driving subsidiary of General Motors, to provide cloud services and help accelerate the commercialization of … ... That was the price target before the Microsoft partnership was announced. General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. In the partnership announced Tuesday, the companies said Microsoft’s Azure cloud and edge computing platform would be used to “commercialize its unique autonomous vehicle solutions at scale.” DETROIT — General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. Microsoft is partnering with GM to help bring the automaker's robotaxi startup Cruise's autonomous vehicles to the road. GM’s self-driving start-up Cruise will use Microsoft’s cloud computing platform Azure to commercialize its autonomous vehicle solutions at scale while Microsoft will use Cruise’s industry expertise to improve its product innovation and serve transportation companies around the world. SILVER SPRING, Md. The centerpiece of the deal is an agreement for Cruise … That will help the company compete with Waymo, which has access to the software capabilities of parent Alphabet Inc. GM Partners with Microsoft to Accelerate Autonomous Vehicle Plans. In the partnership announced Tuesday, the companies said Microsoft… Cruise is developing self-driving cars and a … Cruise has raised $2 billion in a new equity round that has pushed its valuation up to $30 billion and delivered Microsoft as an investor and partner. Earlier this week, GM announced a partnership with Microsoft in which the tech-giant will take a stake in the automaker’s self-driving Cruise company that values the … Go-to-market with Microsoft. Microsoft, General Motors (GM) and its self-driving subsidiary Cruise have announced a strategic partnership for the commercialisation of autonomous vehicles. This brings Microsoft and Cruise […] GM Price Action: Shares of General Motors … In the partnership announced Tuesday, the companies said Microsoft… Microsoft, Cruise and General Motors will bring together their software and hardware engineering capabilities, cloud computing tech, manufacturing know-how and partner ecosystem to … In the partnership announced Tuesday, the companies said Microsoft… -- General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. Microsoft’s Inside Track podcast explores the intersection of industry and technology that helps to accelerate the future of the automotive industry. Self-driving car maker Cruise and majority shareholder General Motors said on Tuesday they would partner with Microsoft to accelerate the commercialization of driverless vehicles. Microsoft will invest $2bn in self-driving car company Cruise, entering into a partnership that will see it offer cloud and Edge support. As with Ford, there would be nothing like an Apple partnership to … Analysis SILVER SPRING, Md. Cruise and majority shareholder GM confirmed the partnership with Microsoft on Tuesday, described as a "long-term strategic relationship," with the aim of bringing self-driving vehicles to market. In October, Microsoft entered a partnership agreement with Wayve, a London-based developer of self-driving car software that was part of Microsoft’s … This brings Microsoft and Cruise together for a long-term strategic partnership, but Microsoft will be able to invest in and work with other self-driving companies as well. Microsoft will join General Motors, Honda and institutional investors in a combined new equity investment of more than $2 billion in Cruise, bringing the valuation of Cruise to $30 billion. Your launchpad for growth. SILVER SPRING, Md. That will help the company compete with … The deal will combine the various elements of the three companies, including software and hardware engineering, manufacturing, and cloud computing capabilities. Cruise, Microsoft, and GM logos. Citi thinks the Microsoft … The partnership with Microsoft gives Cruise, which is majority-owned by GM, a major software player in its corner. The aim of this partnership is to accelerate the commercialization of self-driving vehicles. In the partnership announced Tuesday, the companies said Microsoft… Microsoft Azure. GM Price Action: Shares of General Motors were up 9.56% at $54.76 Tuesday. DETROIT – General Motors has entered a long-term strategic partnership with Microsoft that will “accelerate the commercialization of self-driving vehicles,” the automaker announced Tuesday morning. Microsoft and Cruise have also formed a “long-term partnership” in which Cruise will use Microsoft’s Azure cloud computing service for its autonomous vehicles. Business Microsoft joins GM, Cruise self-driving partnership. Recently, Cruise and GM announced their entry into a long-term strategic partnership with Microsoft in a joint endeavor to push forward the commercialization of self-driving vehicles. DETROIT — General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. GM and its subsidiary Cruise disclosed that they inked a long-term strategic partnership with Microsoft to speed up the commercialization of self-driving cars. (AP) — General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. The partnership with Microsoft and new investment round could lead to calls for General Motors to spin off the division to unlock shareholder value. -- General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. By combining modern designs with powerful technology, General Motors is continuously delivering new and exciting products and services. The announcement further stated that General Motors would work with Microsoft to promote productivity. General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. In the partnership announced Tuesday, the companies said Microsoft’s … Microsoft Corporation has "entered a long-term strategic relationship" with General Motors Company and Cruise LLC, a company developing self-driving electric vehicles that is majority-owned by GM. SILVER SPRING, Md. GM and Cruise partner with Microsoft On Tuesday, GM and Cruise announced that they were forming a strategic relationship with Microsoft. The centerpiece of the deal is an agreement for Cruise to use Microsoft's Azure cloud and edge computing platform to help it commercialize AVs. In the partnership announced Tuesday, the companies said Microsoft’s Azure cloud and edge computing platform would be used to “commercialize its unique autonomous vehicle solutions at … The companies agreed to create cleaner, safer, and more accessible transportation for everyone worldwide. Investment SAN FRANCISCO, DETROIT and REDMOND, Wash. – January 19, 2021 – Cruise and General Motors on Tuesday announced they have entered a long-term strategic relationship with Microsoft to accelerate the commercialization of self-driving vehicles. General Motors Co. has set a goal of making the vast majority of the vehicles it produces electric by 2035, and the entire company carbon neutral, including operations, five years after that. That will help the company compete with Waymo, which has access to the software capabilities of parent Alphabet Inc. ; The partnership is part of a wider investment and would see GM … Image courtesy of Microsoft. An investment by Microsoft in GM’s self-driving car company Cruise has GM stock rising Tuesday. General Motors Co. and its autonomous partner Cruise LLC have entered long-term strategic relationship with Microsoft Corp., driving GM shares higher. General Motors sets goal of going largely electric by 2035 Microsoft, GM's Cruise team up on driverless cars technology General Motors and Honda are teaming up in North America. GM remains the majority stakeholder. Beyond this, Microsoft has also invested $2 billion USD (roughly $2.5 billion CAD) into the self-driving program, bringing the total valuation for Cruise up to $30 billion USD (roughly $38 billion CAD). Cruise and GM have enlisted an important ally in their quest to make self-driving cars a practical reality. The partnership with Cruise and GM, which enjoys a majority stake at Cruise, will also enable Microsoft to further refine its customer-driven product innovation and automotive solutions. Editor’s note 6/26/2018: This post was updated to reflect GM’s change from Office 365 to Microsoft 365. General Motors acquired Cruise in 2016 and owns the majority of the company. The move marks the first step in a broad strategic collaboration between the two companies, which will allow […] The partnership with Microsoft gives Cruise, which is majority owned by GM, a major software player in its corner. Cruise was acquired by GM back in 2016, but is operated as a somewhat independent company. GM has set a partnership with Microsoft (NASDAQ: MSFT) to speed along its EV and AV work. Microsoft, Cruise and General Motors will bring together their software and hardware engineering capabilities, cloud computing tech, manufacturing know-how and partner ecosystem to … Cruise and General Motors announced a long-term strategic partnership with Microsoft to accelerate the commercialization of self-driving cars. — General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. Cruise and majority shareholder GM confirmed the partnership with Microsoft on Tuesday, described as a "long-term strategic relationship," with the … Cruise and General Motors today announced they have entered a long-term strategic partnership with Microsoft. By combining modern designs with powerful technology, General Motors is continuously delivering new and exciting products and services. “While adding Microsoft Azure support will provide more health experts with the ability to access the Terra platform, this partnership is broader than cloud usage,” Verily said. This story originally appeared on Benzinga. The partnership with Microsoft and new investment round could lead to calls for General Motors to spin off the division to unlock shareholder value. To help partners grow and succeed, Microsoft invests in you—the resources, programs, and tools we offer help you train your team, build innovative solutions, differentiate in the marketplace, and connect with customers. GM and Cruise partner with Microsoft On Tuesday, GM and Cruise announced that they were forming a strategic relationship with Microsoft. The new partnership has been described as a “long-term strategic relationship,” and Microsoft is putting in $2 billion USD-worth of equity investments, joining GM… In the partnership announced Tuesday, the companies said Microsoft’s Azure cloud and edge computing platform would be used to “commercialize its unique autonomous vehicle solutions at scale.” Microsoft has agreed to join other institutional investors, GM and Honda on a more than $2 billion new equity investment in Cruise, GM’s majority-owned self-driving car segment. General Motors and Microsoft shares moved higher after the two companies announced a partnership for self-driving cars. ET First Published: Jan. 19, 2021 at 11:12 a.m. Image: GM. General Motors and its self-driving car subsidiary Cruise will partner with Microsoft to accelerate the commercialization of self-driving vehicles, the companies said Tuesday. Shares jumped 9.75% to close at 54.84 on the stock market today, hitting the highest level since becoming publicly traded again after … Microsoft's Partnership with GM Cruise Shows the Apple-Windows Wars Are Back on Four Wheels With rumors of an Apple car swirling once more, Microsoft joins a … (AP) — General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. TORONTO — July 11, 2016 — GE (NYSE: GE) and Microsoft Corp. (Nasdaq: “MSFT”) today announced a partnership that will make GE’s Predix platform for the Industrial Internet available on the Microsoft Azure cloud for industrial businesses. Microsoft will become the preferred cloud provider for both GM and Cruise, which will leverage the tech company’s Azure platform. The aim of this partnership is to accelerate the commercialization of self-driving vehicles. General Motors subsidiary Crusie is now partnering with Microsoft to leverage the tech giant’s cloud knowledge and infrastructure. GM is negotiating with Internet search behemoth and new smartphone marketer Google to develop in-car telematics to compete with Ford and Microsoft… ET GM shares surge as Microsoft joins $2 billion self-driving venture Back to video The partnership with Microsoft gives Cruise, which is majority owned by GM, a major software player in its corner. Posted . Driverless car startup Cruise, a GM subsidiary, today announced the finalization of a two-billion dollar equity fund from primary investors Microsoft, Honda, and GM. Bengaluru, NFAPost: Microsoft has finalised its partnership with driverless car startup Cruise (GM subsidiary) as part of the two-billion dollar equity fund deal with key investors including Honda and GM. Self-driving car maker Cruise and majority shareholder General Motors said on Tuesday they would partner with Microsoft … Microsoft's Partnership with GM Cruise Shows the Apple-Windows Wars Are Back on Four Wheels 5 people dead, including 2 children, in South … On Tuesday, Microsoft announced a contribution to a $2 billion investment round that also included funding from GM and Honda, placing Cruise’s total valuation at $30 billion. But the "long-term strategic partnership" between Microsoft and Cruise will go beyond an investment. This means Cruise now has access to the Microsoft Azure cloud platform, … Article continues below advertisement The recovery from the 2020 lows has been quite swift for GM … GM Stock Rises On Microsoft Partnership. The two have entered a “long-term strategic relationship” with Microsoft to speed up the commercialization of autonomous vehicles. DETROIT – General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars.. “Microsoft is a great addition to the team as we drive toward a future world of zero crashes, zero emissions and zero congestion. General Motors Co. and Microsoft Corp. are leading a $2 billion investment round in self-driving car startup Cruise LLC in a deal that will bring the … The Microsoft partnership is part of a combined equity investment in Cruise that also includes Honda Motors; no investment breakdown by company has been provided. SILVER SPRING, Md. Q4 2020 hedge fund letters, conferences and more In addition, Microsoft … In January, GM and Cruise entered into a partnership with Microsoft for autonomous cars. The partnership will also help to introduce new mobility services to General Motors’ customers.

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