Self-driving tech firm Aurora mulls sale to Apple or Microsoft - Bloomberg News
$Aurora Innovation (AUR.US)$ Chief Executive Chris Urmson recently outlined several options for the self-driving tech firm to combat challenging market conditions, including a possible sale to $Apple (AAPL.US)$ or $Microsoft (MSFT.US)$ , Bloomberg News reported on Friday.
Many electric-vehicle and self-driving startups that had raised cash easily through IPOs and mergers with blank-check firms during the market boom are now scrambling to launch vehicles and burning cash rapidly amid a bleak economy and supply-chain snarls.
Reuters reported in 2020 that Apple was moving forward with its self-driving car technology and was targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology.
$Microsoft (MSFT.US)$ , on the other hand, has invested in San Francisco-based self-driving car maker Cruise, which is valued at $30 billion and counts $General Motors (GM.US)$ as a majority stakeholder.
Many electric-vehicle and self-driving startups that had raised cash easily through IPOs and mergers with blank-check firms during the market boom are now scrambling to launch vehicles and burning cash rapidly amid a bleak economy and supply-chain snarls.
Reuters reported in 2020 that Apple was moving forward with its self-driving car technology and was targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology.
$Microsoft (MSFT.US)$ , on the other hand, has invested in San Francisco-based self-driving car maker Cruise, which is valued at $30 billion and counts $General Motors (GM.US)$ as a majority stakeholder.
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rational Finch_6801 : I hope so my 20k shares will be lovely
W4GZxT4GZ : I wonder why Microsoft and Apple have the most interest and not primarily a car maker.