July 15, 2016
Erin Griffith

General Motors has no desire to let the future pass it by. That’s why the company has been spending lots of time in San Francisco and Silicon Valley.

In January, GM invested $500 million in ridesharing startup Lyft. Then in March, it spent $1 billion on Cruise Automation, a self-driving vehicle startup.

“We think rideshare is interesting, and we think autonomous vehicles is really interesting, and we think it gets really interesting if you put the two together,” Dan Ammann, GM’s president, said at Fortune’s Brainstorm Tech conference in Aspen on Monday.