Microsoft reportedly in 'advanced talks' to invest in autonomous driving startup Gatik
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Microsoft (NASDAQ:MSFT) is in reportedly "advanced talks" to invest at least $10M or more into California-based autonomous driving startup Gatik.
The tech giant would be part of a funding round that would value Gatik at $700M or more, Reuters reported, citing two people familiar with the matter.

As part of the deal, Gatik would use Microsoft's (MSFT) cloud computing platform Azure to help create autonomous delivery technology for trucks.
Microsoft (MSFT) shares fell more than 5% to $227.32 in early trading on Wednesday.
Microsoft (MSFT) has invested in other automotive-related companies before, including GM's (GM) Cruise and Uber Technologies (UBER). Several years ago, it was reported that Lyft (LYFT) approached Microsoft (MSFT) about buying the company, but nothing ever materialized.
On Tuesday, it was reported that Microsoft (MSFT) was building a version of Bing that would use the same technology as ChatGPT as it looks to compete in the lucrative search ad market.