GM Cruise just got a huge investment to accelerate driverless car development

GM Cruise just got a huge investment to accelerate driverless car development

6 years ago
Anonymous $2WKDXfy9lA

https://www.techradar.com/news/gm-cruise-just-getting-a-huge-investment-to-accelerate-driverless-car-development

SoftBank, the company behind Boston Dynamics’ door-opening robots and a real-life Transformer, is investing billions into a more mainstream AI industry: driverless cars. 

Specifically, SoftBank Vision Fund, Softbank’s investment fund group, will bankroll $2.2 billion into GM Cruise, General Motors’ self-driving department, in return for a 20% stake, GM announced today in a statement.