Waymo's $30B valuation reflects the new reality of automated driving
, still a huge figure for a company with barely any business, but a fraction of what was expected in 2018.
I suspect Porat has looked at the numbers and come to the conclusion that Waymo and other similar businesses aren’t going to be money printing machines anytime soon. My guess is that when Waymo CEO John Krafcik went up the chain for approval of the 2020 budget which still relies almost entirely on Alphabet for income, Porat told him to start looking elsewhere.
The inclusion of Magna as one of the investors in this round makes perfect sense in this context. Waymo has developed its own set of sensors in-house over the past decade and last year even began selling its short-range lidar to companies using it for robotics and research applications. But Waymo and its Alphabet siblings doesn’t have expertise in mass production of automotive grade hardware.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
MGM to Take $30 Million-Plus Hit After Moving Bond Film 'No Time to Die'The studio was facing a much costlier alternative given that worldwide theater closures could have resulted in a minimum of 30 percent shaved off the final box-office tallies.
Les mer »
Hailey Baldwin, Kendall, and Kylie All Love This $30 Crop TopThis top is definitely going to be a Spring staple.
Les mer »
If You Have $30, You Can Grab the Sunglasses Celebs Have Worn for YearsCome through, spring accessories!
Les mer »
These Are the Canceled Reality TV Shows Viewers Still LoveFrom Rich Girls to Princesses: Long Island, these canceled reality shows still hold a special place in the hearts of viewers
Les mer »
If You Have $30, You Can Grab the Sunglasses Celebs Have Worn for YearsCome through, spring accessories!
Les mer »
Anthony Levandowski, The Fallen Self-Driving Tech Star Who Triggered Waymo-Uber Legal Battle, Ordered To Pay Google $179 MillionAnthony Levandowski, the fallen self-driving tech star who triggered a high-profile lawsuit between Alphabet’s Waymo and Uber, ordered to pay Google $179 million
Les mer »