Microsoft jumps into ride-hailing again with investment in Grab
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Microsoft jumps into ride-hailing again with investment in Grab

Microsoft is investing in the ride-hailing business again, announcing an investment in Southeast Asia transportation big Grab on Monday.

Microsoft jumps into ride-hailing again with investment in GrabSingapore-based Grab will undertake Microsoft Azure as its most well-liked cloud platform and use Microsoft’s machine studying and AI capabilities as a part of the deal. Phrases weren’t disclosed.

Microsoft, which is investing heavily in AI, will work with Grab to develop security and safety instruments, translation providers, suggestion engines, picture recognition, and extra. They can even collaborate on Outlook integration; Microsoft Kaizala, a big group communications app; in-car leisure expertise; and rewards.

“Our partnership with Grab opens up new alternatives to innovate in each a quickly evolving business and progress area,” Peggy Johnson, govt vice chairman at Microsoft, stated in a press release. “We’re excited to workforce as much as rework the shopper expertise in addition to improve the supply of digital providers for the tens of millions of customers who depend on Grab for protected and reasonably priced transport, meals and bundle supply, cellular funds, and monetary providers.”

Microsoft beforehand invested in Uber three years ago and sold some of its Bing Maps assets to Uber, however has stayed away from ride-hailing in any other case. Final month, it introduced a partnership with Volkswagen, which plans to construct a community of Azure-connected vehicles.

Microsoft has additionally been pushing ahead the thought of the “intelligent edge,” and vehicles are a superb instance of the distinctive calls for of edge computing, with sufficient capability to deal with a big quantity of computing energy but typically encumbered by gradual or spotty web connections.

Grab, valued at $11 billion, is out there in 235 cities and provides an array of providers past conventional ride-hailing, together with meals supply and bike-sharing. Its buyers embrace SoftBank, Toyota, Hyundai, and Didi. Grab acquired Uber’s Southeast Asia enterprise earlier this 12 months.

Microsoft’s investment provides to Grab’s rising presence in the Seattle area. The corporate opened a Seattle engineering workplace in 2016 and expanded the space last yearRaman Narayanan, a 23-year veteran of Microsoft who held the title of Distinguished Engineer on the Redmond tech big, leads Grab’s Seattle operation.

Paul Allen’s Vulcan Capital can be an investor in Grab.

Editor’s word: This story beforehand cited a Monetary Instances story that reported a $200 million deal. Monetary Instances eliminated the quantity from its story and we up to date this put up to replicate that. 

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