Microsoft will take an $800M hit over Cruise robotaxi shutdown
Microsoft will take an $800M hit over Cruise robotaxi shutdown 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 […]

Source: TechCrunch, Thu, 12 Dec 2024 00:24:50 +0000