Waymo and GM made big moves in the great self-driving car race
62,000 new cars and $2.25 billion in investment are setting up a showdown between the two organizations.
The news: Two big announcements yesterday, from two of the biggest movers and shakers in self-driving cars:
The news: Two big announcements yesterday, from two of the biggest movers and shakers in self-driving cars:
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Waymo revealed plans to buy 62,000 Chrysler minivans.
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GM’s autonomous car unit, Cruise, got a $2.25 billion investment from the SoftBank Vision Fund.
For Waymo…
this demonstrates the firm’s commitment to commercialize, either by
building out its autonomous taxi fleet, or selling robot cars to the
public.
For GM… the automaker gets a major cash infusion to catch up to their self-driving rivals. Its shares skyrocketed after the announcement.
Why it matters: Alphabet’s Waymo is in the lead when it comes to self-driving technology, but it’ll have a fight on its hands, and GM wants to be a contender.
For GM… the automaker gets a major cash infusion to catch up to their self-driving rivals. Its shares skyrocketed after the announcement.
Why it matters: Alphabet’s Waymo is in the lead when it comes to self-driving technology, but it’ll have a fight on its hands, and GM wants to be a contender.
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