The Clap
According to sources, Microsoft (NASDAQ:MSFT) is in advanced talks to invest in Gatik, an autonomous driving startup, which already holds an existing cloud partnership with the company.
What
Microsoft intends to invest more than $10mn, which will see Gatik use Microsoft’s Azure, their cloud and edge computing platform, in further developing their autonomous delivery technology.
So What
Autonomous driving technologies have encountered roadblocks due to regulatory worries about safety, despite their potential to completely change the transportation and logistics sector.
Microsoft is following in the footsteps of other big tech companies, boosting their investments in self-driving technology.
Now What
Microsoft already invested $30bn in Cruise, a subsidiary of GM that focuses on robotaxis, in January 2021.
