Microsoft will take an $800M hit over Cruise robotaxi shutdown ...Middle East

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Microsoft will take an $800M hit over Cruise robotaxi shutdown
source : tech crunch ( Middle East ) () 86
GM’s decision to shut down its Cruise robotaxi program continues to ripple through the market, extending to the self-driving car company’s minority investors. Microsoft, which in 2021 made an investment into Cruise, will take $800 million impairment charge as a result of GM’s actions, according to a regulatory filing. Microsoft said the charge will be […] © 2024 TechCrunch. All rights reserved. For personal use only.

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