Microsoft is getting in on the ride-hailing industry via a partnership with Southeast Asian company Grab.
MORE Car Rental & Rail
According to Reuters.com, the five-year agreement allows both companies to collaborate on technology projects like artificial intelligence, but the financial details of the deal were not released to the public.
Earlier this year, the Singapore-headquartered Grab announced plans to raise roughly $3 billion by year-end to continue expanding its business, which already includes operations in 235 cities across eight countries in Southeast Asia.
Grab has already raised $2 billion, and company executives said the remainder of the money will come from strategic and financial firms. The ride-hailing firm has already worked with other companies, such as SoftBank Group Corp, Toyota Motor Corp and Vulcan Capital.
The partnership will call on Grab and Microsoft to develop facial recognition, image recognition and computer vision technologies to improve the pick-up experience. Grab will also use Microsoft’s Azure as its preferred cloud platform for data analytics and fraud detection.
Millions of Americans live with heart disease, kidney disease, and metabolic conditions like obesity and…
The Federal Aviation Administration is investigating a close call between American Airlines and Delta Air…
Guests are now going through security before they reach CityWalk and the theme park gates.…
The Jet Set is watching a new Consumer Reports investigation that says Uber and Lyft…
Here's the truth nobody says out loud: the Greek Islands are not one destination. They're…
American Airlines will begin using anti-terror barricades on June 18. Although the barriers had already…