Microsoft (NASDAQ: MSFT) is making a bold bet on self-driving with Cruise and General Motors (NYSE: GM) .
GM and Cruise said on Tuesday that they have entered into a "long-term strategic relationship" with the software giant to "accelerate the commercialization" of autonomous-vehicle technology.
Microsoft is joining GM, earlier Cruise investor Honda Motor , and institutional investors in a new investment round of more than $2 billion that will bring Cruise's post-money valuation to $30 billion, the companies said.
For further details see:
Microsoft Joins Self-Driving Race in New Deal With Cruise, GM