Google's Self-Driving Car Project goes from research project to business enterprise
In a Tuesday blog post, Google's John Krafcik - CEO of the company's Self-Driving Car Project - has revealed that the company's effort to develop and test a self-driving car has undergone an official change of lane --- from a research project to a business enterprise.
According to the blog post, Google's Self-Driving Car Project which was previously a research project has now become a business enterprise which will, at some point of time in the future, have to be a profit-spinning venture.
With the move underscoring the fact that Google's parent company Alphabet is set to take its self-driving car effort to the next level, Krafcik has said in the blog post that the Self-Driving Car Project has now been renamed Waymo. Krafcik will now be the head of Waymo, a new Alphabet business.
Krafcik said that Waymo stands for a new way forward in mobility. Highlighting the fact that Waymo will mark the "next big step" in Google's self-driving car efforts, Krafcik said: "We'll continue to have access of infrastructure and resources Alphabet provides, but we also have this feeling of being a venture-backed startup."
Though Krafcik has not divulged any details about Waymo's business plan, it is apparent that the key objective behind the change of direction for Google's Self-Driving Car Project is to bring the company's technology to market and monetize it by partnering with an automaker.
New Zealand News
- Porsche reportedly developing electric version of 718 sports car
- Tesla Model Y Performance becomes little bit more expensive to order in China
- Porsche’s recently unveiled Mission R Concept previews electric race cars of future
- Chinese manufacturer GAC’s Aion V e-SUV can charge 0-80% in just 8 minutes
- Oshidori International exits Japanese casino race, citing serious ethical irregularities
- Plug-in cars’ share grows to 32% in Netherlands in September 2021
- Italian motorcycle racer Valentino Rossi enters e-bike business with VR46 MTB range
- Micro Mobility shows off production version of Microlino 2.0 and 3-wheeled e-scooter
- Chinese electric motorcycle maker Evoke Motorcycles to set up shops in Spain
- TenneT adds more electric BMWs to study use of EVs to support power grids