Big Tech Partners on Self-Driving Cars
Microsoft, GM and Cruise Partner on Self-Driving Cars
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 parent Alphabet, valued at slightly over $30 billion.
Microsoft Tech and the Big Picture
Cruise will use Microsoft's cloud computing platform Azure for its self-driving vehicles. Microsoft, using its artificial intelligence capabilities, will enable GM and Cruise to accelerate digitalization to streamline operations for robotaxis and self-driving cars for consumers. It's an important new collaboration among major global technology, car and self-driving players to accelerate the delivery of self-driving cars. And, there is a lot of competition out there. Along with Waymo, Argo AI, a Pittsburg based self driving startup, is developing autonomous vehicles with Ford and VW. It has a market valuation of $7.5 billion. This is exciting new travel innovation for all of us.
Travel Innovation Information
To take a look at journalist Edward Kane's latest book "Future Modes of Travel 2020's & 2030's", go to https://read.amazon.com/kp/embed?asin=B08S958SBV&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_Bd2bGbCVPYKMD I co-authored the book with Ed.
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