Microsoft is teaming up with Baidu

Microsoft Corp. and Baidu Inc. decided to conclude an agreement and start technical development and adoption of autonomous cars. Microsoft has shared some of the developments with Baidu and they, in turn, promised to take a closer look at the project and improve it. The information about the partnership was officially announced by Microsoft corporation. Chinese IT company Baidu already has experience in the development of self-driving cars, therefore, such cooperation will be beneficial for both companies.

Over the past week, Microsoft shares rose by 5,2% and Baidu shares rose by 2% and continue rising. The trade on both companies will be available during American session, from 13:40 till 20:00 GMT.

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