GM to Acquire Autonomous-Vehicle Technology Developer Cruise Automation (YC W14)
Seems like a typo. GM is investing heavily into research and development. There jobs postings in Detroit for electrical and software engineering has skyrocketed. Being more objective and looking into Cruises history, they are not remotely worth 1 billion dollar, nor does it look like they have any technology that would be worth that much. Unless GM was that desperate and the Cruise guys amazing negotiators, I am skeptical on the 1 billion dollar price.