Alphabet invests $5B in Waymo for world-leading autonomous driving technology development.
Alphabet, Google's parent company, plans to invest $5 billion into Waymo, its autonomous vehicle unit, to develop world-leading autonomous driving technology. The investment follows Waymo's expansions in the US and recent completion of over 2 million trips and 20 million fully autonomous miles on public roads. Waymo is currently providing 50,000 weekly paid rides in San Francisco and Phoenix.
July 23, 2024
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