TechCrunch
Alphabet to invest another $5B into Waymo
Alphabet will spend an additional $5 billion on its self-driving subsidiary, Waymo, over the next few years, according to Ruth Porat, the company’s chief financial officer. Porat announced the commitment to a new “multi-year investment” Tuesday during Alphabet’s second-quarter earnings call. “This new round of funding, which is consistent with recent annual investment levels, will enable Waymo to continue to build the world’s leading autonomous driving technology company,” said Porat.
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