{"id":887584,"date":"2024-12-13T10:44:24","date_gmt":"2024-12-13T05:14:24","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=887584"},"modified":"2024-12-13T10:44:24","modified_gmt":"2024-12-13T05:14:24","slug":"microsoft-to-take-800-million-hit-from-this-sudden-u-turn-by-general-motors","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/12\/13\/microsoft-to-take-800-million-hit-from-this-sudden-u-turn-by-general-motors\/","title":{"rendered":"Microsoft to take $800 million hit from this sudden U-turn by General Motors"},"content":{"rendered":"<p>Microsoft will absorb an $800 million financial blow following General Motors&#8217; abrupt decision to terminate its Cruise autonomous vehicle program, the tech giant revealed in a regulatory filing Wednesday.<br \/>\nThe impairment charge, unexpected and not previously included in the company&#8217;s quarterly guidance, will reduce Microsoft&#8217;s second-quarter earnings per share by approximately 9 cents.<br \/>\nMicrosoft originally invested in Cruise during a $2 billion funding round in January 2021, joining GM, Honda, and other institutional investors in backing the ambitious robotaxi venture. At the time, the investment was part of a broader strategic partnership that included cloud computing and autonomous vehicle technology collaboration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Microsoft will absorb an $800 million financial blow following General Motors&#8217; abrupt decision to terminate its Cruise autonomous vehicle program, the tech giant revealed in a regulatory filing Wednesday. The impairment charge, unexpected and not previously included in the company&#8217;s quarterly guidance, will reduce Microsoft&#8217;s second-quarter earnings per share by approximately 9 cents. Microsoft originally invested in Cruise during a $2 billion funding round in January 2021, joining GM, Honda, and other institutional investors in backing the ambitious robotaxi venture. At the time, the investment was part of a broader strategic partnership that included cloud computing and autonomous vehicle technology [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-887584","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/887584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=887584"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/887584\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=887584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=887584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=887584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}