Self Driving Cars Get Big Acceleration
Microsoft, GM and Cruise Partner on Self-Driving Cars Source: GM's Cruise A New Vision for Autonomous Driving This is a brand new vision of the future of autonomous driving. A new partnership among Microsoft, GM and Cruise. San Francisco based startup Cruise just received a huge infusion of cash to develop autonomous cars. Microsoft has joined GM, which is Cruise's majority shareholder, along with Honda and other institutional investors to pump $2 billion worth of investment into Cruise and its autonomous technology. Their intent is for Cruise to take their self-driving vehicles to market for widespread commercialization. The investment infusion brought Cruise's market valuation to $30 billion. That is very close to Waymo, the self-driving company owned by Google's p...