Offering the full stack of software infrastructure, Microsoft has become the go-to player, especially for large enterprise clients. Reuters
Offering the full stack of software infrastructure, Microsoft has become the go-to player, especially for large enterprise clients. Reuters
Offering the full stack of software infrastructure, Microsoft has become the go-to player, especially for large enterprise clients. Reuters
Offering the full stack of software infrastructure, Microsoft has become the go-to player, especially for large enterprise clients. Reuters

Microsoft participates in Cruise's $2bn funding round


Alkesh Sharma
  • English
  • Arabic

Microsoft invested an undisclosed amount in Cruise, a driverless car unit of General Motors, in the company's latest equity investment round.

The technology giant joined GM, Honda and other institutional investors in the $2 billion funding round that gives the San Francisco-based autonomous driving company a valuation of $30bn.

The entities will work together to create a safer, cleaner and more accessible transport ecosystem for everyone, Microsoft said.

"Advances in digital technology are redefining every aspect of our work and life ... including how we move people and goods," Satya Nadella, chief executive of Microsoft, said.

"As Cruise and GM’s preferred cloud, we will apply the power of Azure to help them scale and make autonomous transportation mainstream," he added.

To unlock the potential of cloud computing for autonomous vehicles, Cruise will leverage Azure - Microsoft’s cloud computing platform - to commercialise its self-driving solutions.

GM bought Cruise for more than $1bn in 2016 when it had only 40 employees. Now it has nearly 2,000 staff and accounts for almost 40 per cent of GM’s market capitalisation.

Cruise was purchased by GM for more than $1bn in 2016. Courtesy Cruise
Cruise was purchased by GM for more than $1bn in 2016. Courtesy Cruise

“Our mission to bring safer, better and more affordable transportation to everyone isn’t just a tech race … it’s also a trust race,” said Cruise chief executive Dan Ammann.

“Microsoft, as the gold standard in the trustworthy democratisation of technology, will be a force multiplier for us as we commercialise our fleet of self-driving, all-electric, shared vehicles,” added Mr Ammann.

Under the agreement, GM will work with Microsoft to accelerate its digitisation initiatives, including collaboration, storage, artificial intelligence and machine learning capabilities.

It will explore opportunities with Microsoft to streamline operations across digital supply chains, foster productivity and bring new mobility services to customers faster, the company said.

"Microsoft is a great addition to the team as we drive towards a future world of zero crashes, zero emissions and zero congestion," said GM chairman and chief executive Mary Barra.

"Microsoft will help us accelerate the commercialisation of Cruise’s all-electric, self-driving vehicles and help GM realise even more benefits from cloud computing," she added.

GM plans to launch 30 new electric vehicles globally by 2025 and create new businesses and services to drive growth.

Gremio 1 Pachuca 0

Gremio Everton 95’

 

Rock in a Hard Place: Music and Mayhem in the Middle East
Orlando Crowcroft
Zed Books

Three ways to limit your social media use

Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.

1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.

2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information. 

3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.

ENGLAND SQUAD

Goalkeepers Pickford (Everton), Pope (Burnley), Henderson (Manchester United)

Defenders Alexander-Arnold (Liverpool), Chilwell (Chelsea), Coady (Wolves), Dier (Tottenham), Gomez (Liverpool), James (Chelsea), Keane (Everton), Maguire (Manchester United), Maitland-Niles (Arsenal), Mings (Aston Villa), Saka (Arsenal), Trippier (Atletico Madrid), Walker (Manchester City)

Midfielders: Foden (Manchester City), Henderson (Liverpool), Grealish (Aston Villa), Mount (Chelsea), Rice (West Ham), Ward-Prowse (Southampton), Winks (Tottenham)

Forwards: Abraham (Chelsea), Calvert-Lewin (Everton), Kane (Tottenham), Rashford (Manchester United), Sancho (Borussia Dortmund), Sterling (Manchester City)

'Top Gun: Maverick'

Rating: 4/5

 

Directed by: Joseph Kosinski

 

Starring: Tom Cruise, Val Kilmer, Jennifer Connelly, Jon Hamm, Miles Teller, Glen Powell, Ed Harris

 
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RESULTS

Bantamweight

Victor Nunes (BRA) beat Siyovush Gulmamadov (TJK)

(Split decision)

Featherweight

Hussein Salim (IRQ) beat Shakhriyor Juraev (UZB)

(Round 1 submission, armbar)

Catchweight 80kg

Rashed Dawood (UAE) beat Otabek Kadirov (UZB)

(Round-1 submission, rear naked choke)

Lightweight

Ho Taek-oh (KOR) beat Ronald Girones (CUB)

(Round 3 submission, triangle choke)

Lightweight

Arthur Zaynukov (RUS) beat Damien Lapilus (FRA)

(Unanimous points)

Bantamweight

Vinicius de Oliveira (BRA) beat Furkatbek Yokubov (RUS)

(Round 1 TKO)

Featherweight

Movlid Khaybulaev (RUS) v Zaka Fatullazade (AZE)

(Round 1 rear naked choke)

Flyweight

Shannon Ross (TUR) beat Donovon Freelow (USA)

(Unanimous decision)

Lightweight

Dan Collins (GBR) beat Mohammad Yahya (UAE)

(Round 2 submission D’arce choke)

Catchweight 73kg

Martun Mezhulmyan (ARM) beat Islam Mamedov (RUS)

(Round 3 submission, kneebar)

Bantamweight world title

Xavier Alaoui (MAR) beat Jaures Dea (CAM)

(Unanimous points 48-46, 49-45, 49-45)

Flyweight world title

Manon Fiorot (FRA) v Gabriela Campo (ARG)

(Round 1 RSC)