This includes a long-term strategic partnership between the two companies, with Cruise using Microsoft's Azure cloud platform for its yet-to-launch autonomous vehicle ride-hailing service.
However, the Microsoft deal is more than just a pure investment play. "Microsoft, as the gold standard in the trustworthy democratization of technology, will be a force multiplier for us as we commercialize our fleet of self-driving, all-electric, shared vehicles".
Microsoft joins General Motors, Honda and other institutional investors in a combined new equity investment of more than Dollars 2 billion in Cruise, bringing its valuation to about USD 30 billion.
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"As Cruise and GM's preferred cloud, we will apply the power of Azure to help them scale and make autonomous transportation mainstream", Satya Nadella, CEO of Microsoft, said in a statement.
Although this collaboration is focused on Cruise, Microsoft also becomes General Motors' preferred cloud provider, with a focus on helping with the company's storage, AI, and machine learning needs. That being said, Amazon and Google have self-driving auto initiatives along with Microsoft, so the options are limited when it comes to choosing a cloud that isn't offering a competing service.
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