Microsoft invests in Grab to bring AI and big data to on-demand services

Microsoft has made a strategic investment in ride-hailing and on-demand services company Grab as part of a deal that includes collaborating on big data and AI projects. Under the agreement, Singapore-based Grab will adopt Microsoft Azure as its preferred cloud platformAzure cloud computing service. Microsoft and Grab didn't disclose financial terms. The idea behind the tie-up is for Grab to use Microsoft's product to scale its own digital platform, which has grown beyond ride-hailing. Grab also has its own payment service and makes food deliveries.