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Microsoft Corp. (NASDAQ: MSFT) Acquires Stake in Self-Driving EV Venture

The electric vehicle (“EV”) sector is one of the hottest industries right now — and for good reason. Everyone wants a piece of the electric action, from EV start-ups and veteran automakers to companies that didn’t even dabble in the auto industry in the first place. Tesla may currently be at the top of the EV game, but it will have to contend with several players battling to secure a share of the young EV industry as time passes.

Microsoft Corp. (NASDAQ: MSFT), a company primarily known for developing, manufacturing, licensing and selling computer software, electronics and personal computers, has announced that it has strategically teamed up with General Motors Co. (NYSE: GM) together with Cruise LLC to help develop and commercialize self-driving cars. Based in San Francisco, California, Cruise LLC has GM as a majority…

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NOTE TO INVESTORS: The latest news and updates relating to Net Element (NASDAQ: NETE) are available in the company’s newsroom at http://ibn.fm/NETE

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