Brief by Shorts91 Newsdesk / 05:05pm on 25 Oct 2024,Friday Tech Today
Alphabet’s self-driving unit, Waymo, has raised $5.6 billion to scale its autonomous ride-hailing service across major U.S. cities, including San Francisco, Phoenix, Los Angeles, Austin, and Atlanta. The funding round saw investments from major firms such as Andreessen Horowitz and Fidelity, as well as existing investor Alphabet. Waymo plans to extend partnerships, including with Uber, despite challenges from regulatory scrutiny and public skepticism about driverless tech. Meanwhile, Tesla and General Motors’ Cruise are competing in the autonomous ride-hailing market, alongside Amazon’s Zoox, which recently expanded testing of vehicles without steering wheels or pedals.
