B of A says that the tie up with Microsoft "provides important cloud/computing value" to GM, especially for ride-hailing and fleet serviceserhaps more important than the equity investment and increased valuation for Cruise (versus last mark of $19bn in 2019), the announcement with Microsoft this morning marks another important strategic partnership for Cruise (and GM), not dissimilar to the one that was established with Honda in 2018. As a reminder, Honda’s value-add to Cruise/GM was shared investment and core competencies (small car programs and form factors) to develop a purpose-built autonomous vehicle to be deployed in a mobility services model, as well as theoretical access to the Japan market for deployment.As noted above, Microsoft’s value-add to the partnership will be its Azure cloud computing platform, which will help manage the extensive amount of data required for robust autonomous capabilities of the vehicles in fleet, not to mention mapping/point location, vehicle communication with Cruise’s back office (as well as infrastructure, vehicles, etc.), and the customer-facing app for ride-hailing services, among other potential collaborations.
CXZ Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
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erhaps more important than the equity investment and increased valuation for Cruise (versus last mark of $19bn in 2019), the announcement with Microsoft this morning marks another important strategic partnership for Cruise (and GM), not dissimilar to the one that was established with Honda in 2018. As a reminder, Honda’s value-add to Cruise/GM was shared investment and core competencies (small car programs and form factors) to develop a purpose-built autonomous vehicle to be deployed in a mobility services model, as well as theoretical access to the Japan market for deployment.As noted above, Microsoft’s value-add to the partnership will be its Azure cloud computing platform, which will help manage the extensive amount of data required for robust autonomous capabilities of the vehicles in fleet, not to mention mapping/point location, vehicle communication with Cruise’s back office (as well as infrastructure, vehicles, etc.), and the customer-facing app for ride-hailing services, among other potential collaborations.
(20min delay)