Grab's fundraising comes at a time when San Francisco-based Uber has been beset by complaints about its workplace culture, a federal inquiry into software to help drivers avoid police, and an intellectual property lawsuit by Waymo, the self-driving vehicle unit of parent Alphabet Inc.
Both Grab and Microsoft are in fierce competition for market share financial investors should question how this pressure is. The two companies will collaborate on services such as big data and artificial intelligence, and Grab will be able use Microsoft'sAzurecloud computing service to improve its capabilities. "It's been awesome to watch what they have done with technology, in the way that they've applied it to solving problems for their customers".
Microsoft and Grab keep mum on the agreed price.
The companies did not reveal the sum of the deal.
Stardew Valley is headed to iOS this month and then Android There is some bad news though: it will launch on iOS first on October 24, but there's no word of an Android release date just yet. What is unexpected, however, is that Barone specifies that PC gamers can import their save files to the iOS version of the game.
Grab, who beat out rival Uber earlier this year in the region, has been seeking investments of $3 billion by the year-end, and has already raised $2 billion, according to a Reuters report. The company also has an $11 billion valuation. Yet, this remains to be seen, with Grab's latest round for funding set in a few weeks. They declined to specify the size of the investment.
Grab has the backing of several big companies, including Toyota, SoftBank and fellow ride-hailing company Didi Chuxing.
Microsoft has announced it will invest in Grab as part of its collaboration with the South East Asian ride-sharing platform.
Microsoft will also work with Grab on software projects like facial recognition that help drivers and passengers recognise each other and real-time translation services. "Tapping into the power of Microsoft's intelligent cloud and AI capabilities, the companies will engage on a number of innovation technology projects to transform the experience for customers".