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Jun 1, 2018 | SoftBank invests $2.25 bn in GM's self-driving cars

Read More>> Japan's SoftBank Group Corp will invest $2.25 billion in General Motors Co's autonomous vehicle unit Cruise, the companies said on Thursday, a deal that validates the venerable Detroit automaker's leadership in self-driving cars and sent GM shares up more than 10 percent. 
  The move by SoftBank's $100-billion Vision Fund is one of the largest investments to date in self-driving technology by one of the highest-profile global technology investors. 

It gives GM funds for wide-scale deployment of self-driving cars, which GM aims to roll out next year. The partnership values Cruise at $11.5 billion, a triumph for GM, which was criticized for overpaying an estimated $1 billion for the startup two years ago.