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Meanwhile, General Motors surged 9.6%. GM make sup 8.2% of FTXR, 7.6% of CARZ and 3.1% of IDRV. In a sign of increased interest for autonomous technology, Microsoft joins several others companies investing over $2 billion into General Motors” startup Cruise, bringing Cruise’s valuation to $30 billion, compared to an estimated $19 billion back in spring 2019, the Wall Street Journal reports. General Motors is the majority stakeholder in Cruise. Cruise also includes stakeholders Honda Motors Co. and other institutional investors. Cruise will utilize Microsoft’s Azure cloud-computing service to roll out its autonomous-vehicle services. The company been testing driverless vehicles around San Francisco and expects an eventual robot-taxi service. The startup also wants to dabble into commercial deliveries.

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