GM is investing $500 million in Lyft to help the Uber competitor create self-driving cars

Lyft Ride Car CustomerJustin Sullivan/Getty ImagesA Lyft customer gets into a car on January 21, 2014 in San Francisco, California.

Lyft and General Motors are partnering to try and create self-driving cars. As part of that effort, General Motors is investing $500 million in the Uber competitor, The Verge reports.

Lyft’s valuation is now up to $5.5 billion.

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