Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
self-driving cars developer Cruise
Global investment

Microsoft has partnered on an autonomous vehicle project

28.10.2021
2 min read

Microsoft invested in self-driving cars developer Cruise

Microsoft IT Corporation not only develops its own innovative technologies, but also actively invests in promising projects of other companies. The other day, the Internet giant financed a $2 billion round of development of self-driving cars. Cruise is a division of U.S. auto concern General Motors. It should be noted that this deal was one of the first for Microsoft in the segment of creating autonomous vehicles.
As a result of the round, Cruise’s value grew to $30 billion. In addition to the corporation of Bill Gates, investors in the developer were Honda Concern, which is also part of a strategic partnership with Microsoft. It is known that for the creation of self-driving cars Cruise will use the cloud platform Azure, which belongs to Honda.
Cooperation with this corporation is extremely beneficial for Cruise. Thanks to the use of Azure, there is no need to develop their own solution. In turn, Microsoft takes over the testing of various systems that use machine learning technologies and affect the field of robotics.
Cruise was created in 2013 in San Francisco, and three years later it was acquired by General Motors, the transaction amounted to $1 billion. In 2020, the developer presented its first electric car, which does not require the driver to physically intervene in the driving process. cruiseMicrosoft has been developing artificial intelligence and machine learning for a long time. Last year, the corporation introduced Lobe, an application that makes it possible to train machine learning models. The peculiarity of the platform is that there is no need to write additional code. The service is at the initial stage of development, and so far works only with images. However, in the near future, the authors of Lobe promise to introduce other classifications, such as object recognition or voice information.
The application is available for Windows and Mac users. To use it, you need to download the prepared image or take a photo of it with the device camera. In this case, the pictures need to be numbered, and thus get a finished model. Thanks to the open source code, you can add your own parameters, improving the learning process and image recognition.
Ready-made projects related to Lobe can be found on GitHub, there are iOS and Android versions, as well as an application in Python.
According to Microsoft, the more users work with Lobe, the faster machine learning technology will improve. The app will also show a wider audience the possibility of using such products and their importance to progress. Already, Lobe has created apps that help recognize noxious plants and insects, identify wasp hives, and more.

Tags: Global investment
0
Previous Post The St. Petersburg International Commodity Exchange has shown significant growth for 2020 Next Post Saudi Aramco plans to cooperate with Russian energy companies

You Might Also Like

Nissan
Global investment
Nissan Corporation bought battery manufacturer Vehicle Energy Japan
17.10.2022
OpenSea NFT platform
Global investment
OpenSea’s NFT platform hits the $13.3 billion mark
25.06.2022
E*TRADE Financial
Global investment
Large holding company Morgan Stanley bought E*TRADE Financial Corp for $13 billion
12.11.2020
developer of wireless headphones
Global investment
Alphabet Corporation has invested in a developer of wireless headphones
07.11.2021
Travis Kalanick
Global investment
Travis Kalanick invested in a new hotel construction project
03.10.2020
biomethane production in the European Union
Global investment
Goldman Sachs invests 1 billion euros in biomethane production
22.05.2023

Recent Posts

  • 1Mary Erdoes
    Mary Erdoes: the most powerful woman on Wall Street
    02.06.2023
  • 2Pilatus Aircraft
    Pilatus Aircraft: the history of the Swiss aircraft manufacturer
    01.06.2023
  • 3investment triangle to select a particular asset
    Investment triangle: how to choose the best asset for investment
    31.05.2023
  • 4Nissan and Renault
    Nissan and Renault invest $600 million in a joint venture
    30.05.2023
  • 5Noventiq
    Noventiq plans to float on the Nasdaq exchange
    29.05.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Is the oil market waiting for another collapse of quotations: the opinion of a LUKOIL analyst?

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press
16.05.2020

Latest Posts

inflation in the UK
Inflation in the UK will decline: analysts’ forecasts
03.06.2023
Mary Erdoes
Mary Erdoes: the most powerful woman on Wall Street
02.06.2023
Pilatus Aircraft
Pilatus Aircraft: the history of the Swiss aircraft manufacturer
01.06.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Is the oil market waiting for another collapse of quotations: the opinion of a LUKOIL analyst?
  • Bill Eckmann: rules of business from a known investor
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics