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Alphabet's self-driving unit Waymo closes $5.6 billion funding round as robotaxi race heats up in the U.S. - TL;DR CNBC

Alphabet's self-driving unit Waymo closes $5.6 billion funding round as robotaxi race heats up in the U.S.

Publishing timestamp: 2024-10-25 13:12:18


Summary

Alphabet-owned Waymo has closed a $5.6 billion funding round to expand its robotaxi service across the U.S. The funding will be used to advance their technology and expand their Waymo One ride-hailing service in major metro areas. Waymo is the only company operating a commercial robotaxi service and has partnerships with Uber and Hyundai. Despite some safety concerns and incidents, Waymo's self-reported data suggests their vehicles crash less often than human drivers. They are also testing their driverless vehicles in harsher weather conditions with hopes of expanding internationally.


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Keywords: venture capitaltesla incbusiness newsgeneral motors coalphabet incautosdriverless carsbreaking news: technologytechnology

Source: https://www.cnbc.com/2024/10/25/alphabets-self-driving-unit-waymo-closes-5point6-billion-funding-round.html


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