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. Leading off: Microsoft’s money is the big ticket item here for Cruise. While the company’s valuation has skyrocketed to about $20 billion from investors, netting one of big tech’s trillion-dollar whales has pushed GM stocks up nearly seven percent. But the cash isn’t the only thing in play here. Per a Reuters report, Microsoft CEO Satya Nadella says the company will provide cloud services for Cruise: As Cruise and GM’s preferred cloud, we will apply the…
This story continues at The Next Web
Or just read more coverage about: Microsoft