Cruise and General Motors announced on Monday that they have entered into a long-term strategic relationship with Microsoft in order to accelerate the commercialization of autonomous vehicles. The companies will unite their excellence in software and hardware engineering, cloud computing capabilities, know-how manufacturing and partner ecosystems to transform transportation and create a safer, cleaner and more accessible world for all.
“Our mission to provide safer, better and more affordable transportation for all is not just a career in technology, but also a career of confidence,” explained Cruise CEO Dan Ammann. “Microsoft, as the gold standard of democratizing trusted technology, will be a force multiplier for us as we market our fleet of fully electric autonomous rideshare vehicles.”
Unlocking the potential of cloud computing for autonomous vehicles, Cruise will leverage Azure, Microsoft’s next-generation cloud and computing platform, to commercialize its unique autonomous vehicle solutions at scale. Microsoft, as Cruise’s preferred cloud provider, will also tap into Cruise’s vast industry expertise to enhance its customer-facing product innovation and support transportation companies around the world through ongoing investments in Azure.
Microsoft will join General Motors, Honda and institutional investors in a new combined equity investment of more than $ 2 billion in Cruise, yielding a subsequent $ 30 billion valuation of Cruise.
“Advances in digital technology are redefining every aspect of our work and life, including how we transport people and goods,” said Satya Nadella, CEO of Microsoft. “As Cruise and GM’s cloud of choice, we will apply the power of Azure to help them build at scale and make autonomous transportation mainstream.”
“Microsoft is a wonderful addition to the team on our journey to a future with zero collisions, zero emissions and zero congestion,” said GM President and CEO Mary Barra. “Microsoft will help us accelerate the commercialization of Cruise’s fully electric autonomous vehicles and help GM realize even more benefits from cloud computing as we launch 30 new electric vehicles by 2025 and create new businesses and services to power growth”.
In addition, GM will work with Microsoft as its public cloud provider of choice to accelerate its digitization initiatives, which include collaboration, storage, artificial intelligence and learning capabilities. GM will explore opportunities with Microsoft to streamline operations across digital supply chains, promote productivity and create new mobility services for customers faster.