
Google's self-driving car project to become independent entity called Waymo
FirstpostI mAlphabet Inc’s Google self-driving car project will become an independent entity within the technology company called Waymo, executives said on Tuesday, signalling a willingness to finally monetize its valuable research amid fierce competition from rivals. “We can imagine our self-driving tech being used in all sorts of areas.” Until now, the program has been part of secretive research unit Google X. Waymo stands for “A new way forward in mobility,” according to Krafcik. “We can imagine our self-driving technology being used in lots of different areas - ride-sharing business, in transportation, trucking, logistics, even personal use vehicles and licensing with automakers,” Krafcik said. Fiat Chrysler, Google’s first partner, teamed up with the tech company in May to work together to integrate Google’s self-driving system with the carmaker’s minivans.
History of this topic

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