rtmark
LearnBonds.com

Microsoft Corporation (MSFT) Seals Deal With Volvo For Future RoboCar

Microsoft Corporation (NASDAQ:MSFT)

Microsoft Corporation  has announced it will work on the technology to develop driver-less cars in alliance with Swedish auto maker Volvo. The firms said early Friday that the two main areas of their partnership will be to develop self running cars, and upgrade the process of car buying using Microsoft HoloLens headsets.

Microsoft Corporation Car
A Ford Territory used to promote Windows Mobile in the early days of the OS.

“Technology will transform when it comes to autonomous cars…We believe this will happen…as tech and automotive industry comes closer to explore this together,” Björn Annwall, Senior VP at Volvo, told CNBC.

“We are exploring a number of different collaborations,” Annwall said, adding that exact details of the nature of their tie-up would be released later.

With this move, Microsoft Corporation  joins a growing list of tech majors who have forayed in to the auto space. Last month, South Korea’s LG said that it would be providing some key parts for GM’s upcoming electric car. Google is also reportedly testing driver less cars. While Wall Street is rife with rumors that Apple will launch its own vehicle.

Volvo Talks About the Future

Volvo, like many other car makers, is keen to make self running vehicles. Earlier this week, Volvo unveiled a model of a driver less car’s interior, and named it Concept 26.

“Autonomous driving is at the center of Volvo’ strategy and future. The Concept 26 is a concept of what we view the interior will look like quite soon as we have made the design compatible with our cars,” Annwall noted.

Although details are sketchy, the two firms are hoping to work on building computers that can learn to adapt and make decisions based on the data available.

Microsoft makes car buying more fun

However, one feature that was outlined by both the firms was Microsoft Corporation ’s Holo Lens. These headsets that project 3-D images on real objects could be used to make the process of car buying easier. The results were first visible today in a virtual showroom at Microsoft’s Redmond base.

Annwall explained that buyers who come to a Volvo shop could make use of Holo Lens to see the car in 3-D, alter colors and understand how the different features work.

“Here you will get full scale and can look up to it can touch it, get into it and get that mix of digital and feel and touch of physical world that we know customers will appreciate,” Annwall said to CNBC’s Arjun Kharpal.

Shares of Microsoft Corporation  closed Thursday at $53.94. The stock is up 16% year to date.

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar