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Cruise’s demise will cost Microsoft $800 million.
In a regulatory filing, Microsoft said it would “record an impairment charge of approximately $800 million in the second quarter of fiscal year 2025” tied to GM’s decision to defund its robotaxi subsidiary Cruise. Microsoft has been a minority investor in Cruise and a strategic partner since 2021. For example, Cruise used Azure to manage its (now defunct) robotaxi fleet.
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